Wal-Mart Stores Inc (WMT.N) on Wednesday proposed 10 policy actions to boost U.S. manufacturing that the retailer said could help recapture $300 billion of the $650 billion worth of consumer goods that are currently imported.
Wal-Mart said barriers to manufacturing growth include a lack of available and qualified workers and of co-ordination and financing to support U.S. manufacturers, complex regulations that create high compliance costs and legal risks, and the need for an overhaul of the U.S. tax system and trade deals.
The world’s largest retailer, which committed to sourcing $250 billion worth of U.S.-made goods in 2013, said it identified those challenges as it worked with suppliers over the last four years.
Wal-Mart’s comments come at a time when U.S. President Donald Trump has made boosting domestic manufacturing a key focus of his economic agenda. Earlier this month the White House held its “Made in America” week showcasing U.S. goods.
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