Trump Administration Pushing to Rip Global Supply Chains From China
Posted by Bluangel on May 4, 2020, 3:49 pm
Thank goodness. I'm thinking Joe Biden feels our total dependence on China for just about everything, is just peachy.
WASHINGTON—The Trump administration is “turbocharging” an initiative to remove global industrial supply chains from China as it weighs new tariffs to punish Beijing for its handling of the CCP virus outbreak, according to officials familiar with U.S. planning.
President Donald Trump, who has stepped up criticisms of the Chinese regime amid the pandemic, has long pledged to bring manufacturing back from overseas.
Now, economic destruction and the massive virus death toll are driving a government-wide push to move U.S. production and supply chain dependency away from China, even if it goes to more friendly nations instead, current and former senior U.S. administration officials said.
“We’ve been working on [reducing the reliance of our supply chains in China] over the last few years, but we are now turbo-charging that initiative,” Keith Krach, undersecretary for Economic Growth, Energy and the Environment at the U.S. State Department, told Reuters.