Trump admin backs 'Made in America': Vance stands with domestic firms

Vice President JD Vance said the Trump administration prioritizes buying American products, hiring American workers, and investing in American communities.

Vance calls on 'Made in America' firms

On Monday, Vance made the remarks during a visit to CompTech, a defense technology manufacturer in Brewer, Maine, promoting the administration's economic and manufacturing agenda.

In a post on X accompanying a video of his remarks, he wrote: "We want companies that buy American products, hire American workers, and then invest in American communities."

In the video, the vice president said the company represents the type of business the Trump administration wants to support.

"This is exactly what I love to see in a state like Maine," he said, adding, "This is exactly what we want to support in the Trump administration."

Vance added that businesses that "build their factories in your backyard," invest in workers, and try to produce American goods should receive government support.

"Democrats have this view that business is bad and everything else is good," Vance said.

He added: "Our view is a lot more nuanced, but it's also a lot more real and a lot more sincere."

Vance concluded: "We stand with you because you stand with American workers and American patriots."

The vice president told American businesses investing domestically:

"We want companies that buy American products, hire American workers, and then invest in American communities... We stand with you because you stand with American workers and American patriots."

— Vice President JD Vance August 24, 2026

US business activity

US business activity grew at the fastest pace in over four years in August, with the S&P Global flash composite output index rising to 56.0 from 54.5 in July.

Service sector activity and hiring strengthened, business confidence improved, and inflationary pressures eased.

Manufacturing growth slowed, however, as inventory accumulation faded and supply chain disruptions related to shipping delays, tariffs, and inventory issues re-emerged.

The combination of stronger growth and cooling inflation was seen as favorable for stocks.

AI costs and corporate bankruptcies

Earlier, a potential US ban on Chinese open-weight AI models could cost American companies between $3 billion and $12 billion and weaken AI demand, potentially threatening debt-financed data center investments.

Meanwhile, 372 large US companies filed for bankruptcy in the first half of 2026, the highest first-half total since 2010. Higher borrowing costs, rising expenses, and geopolitical uncertainty added extra pressure on businesses.