U.S. officials are working with foreign investors to identify weak points in domestic manufacturing supply chains and help small- and medium-sized businesses expand as overseas investment in U.S. industry rises. Assistant Secretary of the Treasury Chris Pilkerton and Small Business Administrator Kelly Loeffler said President Donald Trump’s tariffs on imports and deregulation were driving new manufacturing investment, but warned that production growth would require dependable access to parts and components. The push includes a pilot Strategic Vendor Program designed to strengthen domestic supply chains and support foreign-invested businesses operating in the United States. Pilkerton, who leads CFIUS (U.S. foreign investment review panel), also said the administration is trying to make national-security reviews of foreign deals more transparent and faster through a new Treasury website and a Known Investor Program for frequent investors. The comments came during a visit to Hanwha Philly Shipyard, acquired by Hanwha Ocean and Hanwha Group in December 2024 after a CFIUS review. CEO David Kim said the company has pledged to invest $5 billion in the coming years, on top of more than $200 million already spent, with employment potentially rising to 10,000 from about 2,000. Loeffler said the SBA provided about $3 billion in funding for manufacturers in 2025, including $32 million for shipbuilders, as part of a broader effort to rebuild U.S. industrial capacity after decades of factory closures and job losses.