The U.S. Chamber of Commerce on Tuesday warned the U.S. government against overdoing a major effort underway to rip U.S. supply chains out of China in the wake of the coronavirus pandemic, saying such moves could harm the economy.
“Protecting the resiliency of our supply chain doesn’t have to mean reshoring all production in the United States,” Chamber Chief Executive Thomas Donohue told an online conference.
President Donald Trump has long pledged to bring manufacturing back from overseas, but the coronavirus pandemic and concerns about dependency on Chinese imports have sparked a flurry of new activity on the issue. “We’ve had a lot of policy ideas on the table and we’re sort of sorting through them right now,” he said.
They worry that extending “Buy American” rules to boost U.S. government buying of drugs and medical equipment could trigger retaliation by China and other countries, and jeopardize supplies of critically needed masks and devices.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
U.S. Chamber CEO warns against 'reshoring' too much supply back home from ChinaThe U.S. Chamber of Commerce on Tuesday warned the U.S. government against overdoing a major effort underway to rip U.S. supply chains out of China in the wake of the coronavirus pandemic, saying such moves could harm the economy.
Weiterlesen »
Mark Zuckerberg said he is 'worried' about China setting the agenda for tech regulation - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Weiterlesen »
US crafting proposals to push companies to move operations out of China - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Weiterlesen »
A GOP senator slammed the 'thugs in China' during a high school commencement address - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Weiterlesen »
Hong Kong legislature to push ahead with China anthem bill after chaotic scufflesHong Kong’s legislature plunged into chaotic scuffles for a second time this month, as pro-Beijing lawmakers on Monday took control of a key committee, paving the way for a debate on a bill that would criminalise abuse of China's national anthem.
Weiterlesen »
Why The Trump Administration Could Start Paying Businesses To Pull Out Of ChinaI am a breaking news reporter for Forbes in London, covering Europe and the U.S. Previously I was a news reporter for HuffPost UK, the Press Association and a night reporter at the Guardian. I studied Social Anthropology at the London School of Economics, where I was a writer and editor for one of the university’s global affairs magazines, the London Globalist. That led me to Goldsmiths, University of London, where I completed my M.A. in Journalism. Got a story? Get in touch at isabel.togohforbes.com, or follow me on Twitter bissieness. I look forward to hearing from you.
Weiterlesen »