Former President Donald Trump ‘s latest tariff threats have put the spotlight back on the reshoring trend , or the return of companies’ overseas operations to the United States . On Tuesday, Trump vowed to slap 100% tariffs on “every single car coming across the Mexican border” if he wins the election against Vice President Kamala Harris .
“We continue to track a lot of projects that give us continued confidence that we are still in the fairly early innings of investment in the U.S.,” he said. Meanwhile, shares of Honeywell are down about 2% so far this year. The industrial conglomerate has a hand in a range of industries, including industrial automation solutions and building automation. Societe Generale is not the only investment bank bullish on the reshoring theme.
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