Trump’s America First Tariffs Gives Puerto Rico a Surprise Lift

URLhttps://www.bloomberg.com/news/articles/2025-08-20
SourceBloomberg
Date Published08/20/2025
Author NameJim Wyss

Additional Reshoring Information:

Company/Division name Millicent Pharma
Parent companyMillicent Pharma
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):73
Year reshoring announced:2025
Domestically, the work will be done:In-house
Capital investment ($):45
Country(ies) from which reshored:Canada,Ireland
City reshored to:Fajardo
State(s) reshored to:PR
If relevant, work nearshored to:-
Industry(ies):Chemicals
Product(s) reshoredcontraceptives
What non-domestic negative factors made offshoring less attractive?Tariffs
What domestic positive factors made reshoring more attractive?Skilled workforce availability/training, Under-utilized capacity
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