US officials work to close supply chain gaps as foreign investment grows

PHILADELPHIA, Aug 10 : U.S. officials on Monday said they are working closely with foreign investors to identify gaps in the U.S. manufacturing supply chain and to help small- and medium-sized businesses scale up to meet rising demand as foreign investments surge. Assistant Secretary of the Treasury Chris Pilkerton and Small Business Administrator Kelly Loeffler told Reuters that U.S. President Donald Trump's tariffs on foreign imports and deregulation were fueling foreign investments in manufacturing, but it was critical to ensure components were also available. The two officials spoke during a visit to a historic Philadelphia shipyard acquired by Hanwha Ocean and Hanwha Group in December 2024 after a review by the Committee on Foreign Investment in the U.S. (CFIUS), which Pilkerton leads