Vice President JD Vance said the Trump administration stands behind American businesses that prioritize domestic purchases, workers and investment in U.S. communities.
Vance Calls for 'Buy American' Businesses
On Monday, Vance made the remarks during a visit to Compotech, a defense technology manufacturer in Brewer, Maine, where he promoted the administration's economic and manufacturing agenda.
In a post on X accompanying a clip of his remarks, he wrote, "We want companies that buy American, that hire American, and then invest in American communities."
In the clip, the Vice President said the company represented the type of business the Trump administration wants to support.
"This is exactly what I love to see in states like Maine," he said, adding, "This is exactly what we want to support in the Trump administration."
Vance added that businesses that are "building in your backyard," investing in their workers and trying to produce American goods should have the administration's support.
"The Democrats have this idea that business is bad and everybody else is good," Vance said.
He added, "Our attitude is much more subtle, but it's much more real and true."
Vance concluded: "We are on your side because you are on the side of American workers and American patriots."
US Business Activity Accelerated
U.S. business activity grew at its fastest pace in more than four years in August, with S&P Global's flash composite output index rising to 56.0 from 54.5 in July.
Services activity and hiring strengthened, while business confidence improved and inflation pressures eased.
Manufacturing growth slowed amid fading inventory buildup and renewed supply-chain disruptions tied to shipping delays, tariffs and thin inventories.
The combination of stronger growth and cooling inflation was seen as favorable for equity investors.
AI Costs and Corporate Bankruptcies
Earlier, a potential U.S. ban on Chinese open-weight AI models could cost American businesses $3 billion to $12 billion and weaken AI demand, potentially threatening debt-funded data center investments.
Meanwhile, 372 large U.S. 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 are putting additional pressure on businesses.