The Trump administration is planning to “pump-up” manufacturing during the “economic recovery,” according to a report from the American Business Group.
The group’s report on the administration’s manufacturing strategy calls for the construction of an estimated 30,000 new U.S. factories and a doubling of spending on infrastructure, including the Keystone XL pipeline and the Northern Border Wall, to be completed by 2021.
It is a significant change from Trump’s pledge to shut down the entire U.K. manufacturing sector within a decade, the report said, citing “a growing body of evidence that the manufacturing sector will remain a key driver of the U.k. economy and its future.”
The Trump administration has also proposed cutting the U,K.
budget for infrastructure by $10 billion over the next three years, which would allow for a massive increase in infrastructure spending, according to the group.
A key element of the Trump administration’s “economic and job recovery” plan is the proposed Keystone XL Pipeline, which is one of the major transportation projects that could increase exports.
The pipeline would carry oil from Canada to refineries in Texas and Gulf Coast refineries, potentially providing jobs and energy security to the U.,K.
The Keystone XL project is in danger of being cancelled after the Trump Administration failed to secure the necessary permits, but Trump has indicated he could reverse course and build the pipeline.
“The United States must be a global leader in building and deploying infrastructure, especially for manufacturing, if the U-K.
is to continue to be a major player in the global economy,” said the group in a statement.
“The administration must prioritize the Keystone pipeline and other infrastructure investments in the U.-K.
over other energy infrastructure projects, such as the Keystone and Dakota Access pipelines.”
Trump has also indicated that he would like to see “big oil” and other corporations pay more for the oil and gas that they extract from the ground, including from the Arctic.
In an interview with CNN’s Jake Tapper earlier this month, Trump said he is considering building a border wall with Mexico to “secure the country against any attack from Mexico.”