Brookfield Infrastructure Partners is considering investments in American manufacturing development projects following a wave of tariff plans announced by former U.S. President Donald Trump.

Speaking to analysts, Brookfield CEO Sam Pollock said the firm is looking to back companies that are establishing new manufacturing facilities in the U.S., particularly in strategically important sectors.

“This is typically going to be for more critical industries such as semiconductors, as well as batteries, solar panels,” Pollock stated.

“Things that are in the interest of Western nations to bring back.”

He compared the potential investments to Brookfield’s previous US$30-billion deal with Intel.

Pollock noted that although there are emerging opportunities in Europe and Asia, the U.S. remains the focus due to its robust investment environment. “We are seeing a number of opportunities surface in Europe as well as Asia,” he told analysts.

However, the U.S. still offers a “disproportionate” number of opportunities, as it is the “deepest and most liquid investment market in the world.”

Brookfield also sees potential growth in global energy diversification efforts through “multiple opportunities” to invest in LNG and related assets, he added.

“On the surface, the area of our business with the most exposure to tariffs and global trade is our transportation networks, which represent roughly 40% of our [funds from operations], wrote Pollock in a letter to shareholders. “However, our focus on long-term contracted cash flows means we have very little immediate exposure to a slowdown in global trade.”

While Pollock acknowledged that transportation networks are the most exposed to global trade, he emphasized that most of the firm’s revenues are safeguarded in a letter to shareholders, citing long-term contracts.

He also noted in the letter that indirect impacts from tariffs may affect clients in global shipping, energy, and agriculture sectors. The company will have to monitor them as a result of their profitability and creditworthiness, he added.

Brookfield Infrastructure is a subsidiary of Toronto-based Brookfield Corporation.

Pictured: An Intel computer chip manufacturing facility in Chandler, Ariz.

Photo: Brookfield Infrastructure

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