Mint Explainer: Can Biden bring hi-tech manufacturing back to the US?
Rishi Joshi 7 min read 16 Sep 2022, 12:39 PM IST
- Biden is on a mission to revive US manufacturing, funding small businesses and harnessing American strength in tech innovation. Can he pull it off?
Profits drive capitalism, and the US is the poster boy of a free-market economy. In a rush for profits, US companies outsourced hi-tech manufacturing to low-cost destinations.
Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.more less