Anthony Furey: Onshoring Is Well Underway—and That’s Great News
Commentary
It wasn’t that long ago that it was difficult to find any talking head or academic willing to sing the praises of onshoring, the process where products that were previously manufactured overseas are brought back home to be built on home soil by domestic labour.
When Donald Trump first insisted, during the early days of his presidential candidacy, that America needed to bring back manufacturing to the United States, it was common to hear supposed experts chortle at his plans. “These jobs are gone. Finished. Toast. They’re never coming back.” That was their refrain.
Yet now onshoring—or reshoring, as it’s also called—is all the rage. And rightfully so. The Biden administration has continued, in its own way, where Trump left off both when it comes to general onshoring and the pivot away from China….