This trend is super bullish!

We all know Trump's famous mantra: Make America Great Again or MEGA! A big part of it is to bring back home the manufacturing capacity again. While he has done and accomplished a lot during his tenure, more momentum is accumulating in this super bullish trend to fulfil his dream. Here is one analysis about this trend. From the investment perspective, betting on this trend will be quite profitable for sure.

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We call this trend "Made in America Again." And it will lead to a renaissance in U.S. manufacturing.

Last month, we told you this trend will unleash an estimated $1.6 trillion in the U.S. economy.

That's based on four federal laws enacted over the past two years. They are:

• The Investments and Infrastructure Act. This allocates $1.2 trillion to build U.S. infrastructure for a new generation of industrial facilities over the next several years.

• CHIPS and Science Act. This $52.7 billion bill is hyper-focused on ensuring America reclaims its lead in semiconductor chip design.

• Inflation Reduction Act. This bill provides $250 billion for clean energy technologies and new, state-of-the-art factories for building them.

• COMPETES/United States Innovation and Competition Act. This is a $51.5 billion grab bag of government spending, with funds going toward increasing U.S. production and reducing supply chain vulnerabilities.

The above spending is contingent on private-sector companies completing specific projects through approved government contracts.

Much like the highway system, that initial investment today could lead to massive returns for the private sector.

According to the Reshoring Initiative, nearly 300,000 jobs were reshored in 2022. And companies have reshored more than 1.2 million jobs since hitting a low in 2010… with most of those gains coming in the last three years.

For instance, chipmaker Micron Technology has already broken ground on a $15 billion facility in Boise, Idaho.

And thousands of manufacturers have already committed to bringing billions of dollars' worth of production home, including Intel, Absolics, and Taiwan Semiconductor.

All told, nearly 4,000 companies involved in manufacturing are looking to bring their workforce stateside.

Given the rising mentions of reshoring on corporate earnings calls, it's clear that this trend remains in its early stages.

The World Bank estimates that infrastructure spending has a multiplier effect of 1.5. In other words, every $1 of infrastructure spending will lead to a direct $1.50 in economic benefits.

So, the $1.6 trillion in spending could lead to a $2.4 trillion immediate benefit for the private sector in the first few years.