FIRST ON FOX: The Monroe Doctrine is back in full swing – both with President-elect Donald Trump’s push for a takeover of the Panama Canal and new legislation from Rep. Mark Green to encourage investment in Latin America.
The Homeland Security chairman and Tennessee Republican put forth a pair of bills on Friday – one to use tariffs to create a low-interest loan program for companies to relocate from China to Latin America.
Another would use tariffs collected on Chinese goods to offer a tax incentive to offset moving costs for U.S. companies to bring their operations back to U.S. soil.
The Western Hemisphere Nearshoring Act would institute a program through the International Development Finance Corporation to buy down interest rates with tariff money.
Under the Bring American Companies Home Act, amounts paid to move inventory, equipment or supplies used …