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What You Need To Know | President Trump is Strengthening Our Domestic Industrial Base
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Today, President Trump took action to strengthen our nation’s domestic industrial base and ensure we have the supplies we need to confront the coronavirus.
* Through a new executive order President Trump is working to reduce our dependence on foreign countries to provide supplies needed to protect Americans during this time of crisis.
* The President is directing the U.S. International Development Finance Corporation (DFC) to offer financial assistance to key industries producing goods needed to combat the coronavirus.
+ The Administration will provide financial assistance to help onshore U.S. supply chains and bolster our independence in healthcare, manufacturing, and technology.
* The President has also directed DFC to invest in innovative projects around the world to ensure critical industries are moved away from strategic competitors and to our allies.
+ Too many critical industries are located in countries that do not align with American interests.
* These efforts will strengthen U.S. supply chains and make sure that America is well equipped with the vital resources we need.
President Trump is working to bring back American manufacturing and promote American independence.
* The coronavirus has demonstrated what President Trump has long stated: we need to increase domestic production and reduce foreign dependence.
+ The United States has lost too many companies—specifically manufacturing firms—to overseas markets, hampering our ability to ramp up production in areas of need.
* Since taking office, President Trump has worked tirelessly to bring American manufacturing jobs back from overseas and strengthen our nation’s supply chain.
* In 2017, President Trump took action to strengthen enforcement of “Buy American” laws, to promote American industry.
* The President has implemented tariffs to protect American steel and aluminum manufacturers, which are vital to our national security.
* The President negotiated historic trade agreements which will provided fairer markets for American manufacturers.
* President Trump has taken a stand against China’s unfair trade practices after years of Washington looking the other way.
President Trump Is Ensuring We Have The Strong National Stockpile And Industrial Base Needed To Meet Any Challenge
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President Trump is working to ensure a fully stocked, resilient national stockpile and a domestic industrial base capable of meeting any future challenge.
· President Trump and his Administration are releasing a plan to restructure the Strategic National Stockpile (SNS), implementing lessons learned from recent pandemics.
· Our next generation SNS will be improved by increasing supplies of critically-needed items, integrating predictive analytics to determine needs, leveraging technology to provide real-time visibility of supply chains, and reducing dependency on foreign supplies.
· Additionally, President Trump is signing an Executive Order providing the authority to ensure America is producing critical goods necessary to build up our strategic stockpiles.
o Under the order, the United States International Development Finance Corporation (DFC) will provide financing to key industries producing vital goods and services.
· With the health and security of our Nation as the primary goal, this order will secure our supply chain and make our country more independent, self-sufficient, and resilient.
· The President’s actions will protect the American people, make sure our Nation is more prepared, and prime our industrial base to respond to any future challenge.
President Trump is determined to address the challenges and stockpile deficiencies uncovered during the initial coronavirus response.
· During the coronavirus pandemic, the Trump Administration found that the Nation’s stockpile was insufficient.
· Previous SNS inventories lacked the breadth and depth to respond to pandemic demand, only stocking 28% of needed items and containing less than a month’s supply of key items.
· Under the former system, the ability to determine what products were most needed, rapidly replenish items, and target the distribution of critical products to high-need areas was lacking.
· Since less than half of personal protective equipment (PPE) is manufactured in North America, our supply chain was extremely vulnerable to foreign production interruptions.
· The coronavirus pandemic exposed the need to increase domestic production and reduce foreign dependence on items critical to our Nation’s health and national security.
Under President Trump’s leadership, the Administration has successfully procured and delivered supplies to Americans in need.
· President Trump and his Administration, in collaboration with manufacturers, have worked tirelessly to ramp up production and delivery of critical medical supplies across the Nation.
· The President launched Project Airbridge to bring supplies from all over the world to support America’s frontline healthcare workers.
· The Administration partnered with the private sector to secure donations and production of PPE and other medical supplies.
· President Trump effectively leveraged the Defense Production Act to mobilize our country and secure massive amounts of PPE and ventilators.
· Thanks to President Trump’s efforts and the power of the private sector, every American who has needed a ventilator has had one.
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Connecticut Republican Party
176 Laning Street
Southington, CT 06489
www.ct.gop
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Connecticut Republican Party . 176 Laning Street . Southington, Connecticut 06489 . USA