💨 Abstract

Puerto Rico is leveraging a global trade war to attract international companies to relocate their manufacturing plants to the island, where they would be exempt from tariffs. This move aims to boost Puerto Rico's fragile economy, which is recovering from bankruptcy and facing potential cuts in federal funding. The island, known for its strong manufacturing sector, especially in pharmaceuticals, is promoting its U.S. jurisdiction, tax incentives, and skilled workforce.

Courtesy: wtop.com

Summarized by Einstein Beta 🤖