WASHINGTON, May 5 — The Trump administration is “turbocharging” an initiative to remove global industrial supply chains from China as it weighs new tariffs to punish Beijing for its handling of the coronavirus outbreak, according to officials familiar with US planning. President Donald Trump,...
Tuesday, 05 May 2020 08:09 AM MYT
Now, economic destruction and the U.S coronavirus death toll are driving a government-wide push to move US 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. “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.
US companies, which pay the tariffs, are already groaning under the existing ones, especially as sales plummet during coronavirus lockdowns. The United States is pushing to create an alliance of “trusted partners” dubbed the “Economic Prosperity Network,” one official said. It would include companies and civil society groups operating under the same set of standards on everything from digital business, energy and infrastructure to research, trade, education and commerce, he said.
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