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.
FILE PHOTO: President and CEO of the U.S. Chamber of Commerce Thomas J. Donohue gives a speech in a meeting at the American Chamber of Commerce of Mexico, at Club de Industriales in Mexico City, Mexico April 24, 2017. REUTERS/Henry Romero
President Donald Trump has long pledged to bring manufacturing back from overseas, but the recent spread of the coronavirus and concerns about dependency on Chinese imports have sparked new enthusiasm for the idea in the White House. 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 marks and other equipment.
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