Washington, D.C. — Two years into a supply chain crisis catalyzed by the COVID pandemic and worsened by war in Ukraine, new reporting from Bloomberg indicates that American companies, spurred on by U.S. tariff policy, are accelerating efforts to reshore manufacturing to the United States. According to Bloomberg, “construction of new manufacturing facilities in the US has soared 116% over the past year, dwarfing the 10% gain on all building projects combined.”

Reshoring manufacturing to the United States — especially for critical goods such as semiconductors and steel — is essential to shift from a system of thin, hyper-globalized supply chains that exploit forced labor in countries like China towards a resilient economy that generates good jobs and protects national security interests. Bloomberg’s reporting is a strong sign that the Biden administration’s tariff policies are working to accelerate that transition.

“It’s absolutely critical that the Biden administration uphold these tariffs and double down on efforts to bring manufacturing home,” said Sarah Miller, Executive Director at the American Economic Liberties Project. “We’ve seen in stark terms just how vulnerable our country has become to sudden, unexpected shocks around the world. Encouraging reliable job creation, building a robust domestic economy, and reactivating the powerhouse that was American manufacturing should be top priorities for President Biden. With tariffs, he has has a powerful tool to accomplish them.”

To learn more, see “Supply Chain Fragility: How To Rebuild A Resilient System,” an event Economic Liberties and the Groundwork Collaborative hosted with Senator Tammy Baldwin, Mike Beckham, CEO of Simple Modern, and other experts in the field.

Read Bloomberg’s “American Factories Are Making Stuff Again as CEOs Take Production Out of China” here.

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The American Economic Liberties Project works to ensure America’s system of commerce is structured to advance, rather than undermine, economic liberty, fair commerce, and a secure, inclusive democracy. Economic Liberties believes true economic liberty means entrepreneurs and businesses large and small succeed on the merits of their ideas and hard work; commerce empowers consumers, workers, farmers, and engineers instead of subjecting them to discrimination and abuse from financiers and monopolists; foreign trade arrangements support domestic security and democracy; and wealth is broadly distributed to support equitable political power.