U.S. lawmakers and policymakers should be wary of China's moves to target vulnerable U.S. assets and expand its market share in the wake of the ...
WASHINGTON: U.S. lawmakers and policymakers should be wary of China's moves to target vulnerable U.S. assets and expand its market share in the wake of the global economic crisis triggered by the novel coronavirus, according to a study prepared for a U.S. trade group and released on Tuesday .
"It's a very sophisticated strategy," AAM President Scott Paul said in an interview."There's a very legitimate debate that needs to occur about the appropriate role of Beijing in the U.S. economy, and there are reasons to be wary of including Chinese state-owned enterprises in our recovery effort." The group was formed in 2007 by U.S. companies and the United Steelworkers to push for policies to expand U.S. manufacturing.U.S. President Donald Trump has long pledged to bring manufacturing back from overseas, but the coronavirus pandemic has sparked a government-wide push to move U.S. production and supply chain dependency away from China.
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