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USA moves to repatriate critical supply chains in reaction to Coronavirus

USA moves to repatriate critical supply chains in reaction to Coronavirus

The Trump administration is ’turbocharging’ an initiative to reduce US dependency on a China-based supply chain and weighing imposing new tariffs to punish the Communist Party in Beijing for its response to the coronavirus pandemic. Coronavirus has exposed weaknesses in global supply chain strategies with many critical sectors paralysed due to lack of components and raw material supplied by China

Avi Khait
Avi Khait 6 months

It's the right thing to do, because in case of strategic chains, wild markets have to be regulated and this looks like one of those.

ConcealCarryProtect 6 months

Yes. This is a great move. You cannot expect and rely on foreign bodies to have your interest in mind.

Robert_Clearwater 6 months

Goodness gracious! It's a good thing Trump is in charge because if Obama or Romney or Biden would fold like a chair under the pressure from China. I can hear Joe now: "Friends, taking the Chinese to dinner doesn't mean if you see what you like go vote for the other guy. Let's understand the LBBGT community supports and votes with their wallet. China is very sorry. I'm tired let's have a siesta."

6Million$Mansplainer 6 months

About time. Thank you. KAG 2020

Bennington 6 months

Every country should do this. China, by which I mean the CCP, has too much power and no morals and needs to become a near non-entity in world politics and markets for the sake of the rest of the world

The Oracle8191
The Oracle8191 6 months

Trade is great but we shouldn't be in a position where we become totally dependent on another country, especially as one as adversarial as China.

Steve 6 months

Its about time. Reliance on external sources for critical suppliers has been a problem for much of the US infrastructure. Trade is good, but not as the sole source of critical parts.

Scott Hallinan
Scott Hallinan 6 months

I REALLY REALLY wish this overgrown baby understood how tariffs work.

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