Trump Ramps Up Efforts To Kick China Out of Global Supply Chain
President Trump is making his move to kick China out of the global supply chain and it is about time. Trump ran on a simple agenda – bring the jobs back home for many reasons.
Clearly, it is a national security threat to not make things here anymore – see masks, mining of rare earth elements, ventilators, etc, etc, etc.
But it is also an economic issue – the morons who led this great nation for the last 40 years darn near committed treason sending our jobs, and more importantly our key technologies, to China.
They got rich, we lost our middle class, and if we do not take drastic action right now and listen to the Trump admin, America as we know it may cease to exist.
From Reuters:
Now, economic destruction and the U.S. coronavirus 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 other 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 State Department told Reuters.
“I think it is essential to understand where the critical areas are and where critical bottlenecks exist,” Krach said, adding that the matter was key to U.S. security and one the government could announce new action on soon.
The U.S. Commerce Department, State and other agencies are looking for ways to push companies to move both sourcing and manufacturing out of China. Tax incentives and potential re-shoring subsidies are among measures being considered to spur changes, the current and former officials told Reuters.
“There is a whole of government push on this,” said one. Agencies are probing which manufacturing should be deemed “essential” and how to produce these goods outside of China.
Trump’s China policy has been defined by behind-the-scenes tussles between pro-trade advisers and China hawks; now the latter say their time has come.
“This moment is a perfect storm; the pandemic has crystallized all the worries that people have had about doing business with China,” said another senior U.S. official.
“All the money that people think they made by making deals with China before, now they’ve been eclipsed many fold by the economic damage” from the coronavirus, the official said.
The White House CoronaVirus Task Force, headed by Vice President Mike Pence, has done a fantastic job of bringing together vast highly complex resources that have set a high standard for others to follow in the future. Ventilators, which were few & in bad shape, are now being….
— Donald J. Trump (@realDonaldTrump) May 6, 2020
