Business group cautions U.S. on 'reshoring' too much China supply

  • 📰 Reuters
  • ⏱ Reading Time:
  • 29 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 97%

Business News News

Business Business Latest News,Business Business Headlines

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

From what I understand realDonaldTrump has ALL of his campaign re-election hats,flags,etc. are still manufactured in China. Ivanka has numerous patents in China that go unquestioned, considering how bad China is..

Traitors

Pulling out of China quickly is not realistic. Better to gradually pull back after Resources are established within North America. Global economics must be considered.

They want the work force to go back to work but don't want to pay American wages if they don't have to...

Said the CCP Baizuo sellout.

Hold up isn’t that the evil guy from Halloween 3 ?

National security is a commodity according to business group

Nah, fuck that. Chinxit

In which the U.S. Chamber of Commerce lets us know that their members really, really don't want to bring American jobs back to America.

'Protecting the resiliency of our supply chain does not have to mean reshoring all production in the United States ',Chief Executive of US Chamber of Commerce.

Dont want to give up that cheap slave labor to hastily right...

where we're these guys when the US lost whole industries.... the last 10 years.... oh probably listening to the lack of imagination and creativity and accepting the inevitability of this guy

esaagar

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

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. mark starting to side with trump hmm.. yes maybe we should let FB do it instead, how about that mark does that sound better I'm more concerned about FB and Google watching everything I search. And use my data and sell that to your client. In another word, where the hell is my share Mark!
Source: BusinessInsider - 🏆 729. / 51 Read more »

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. You gotta wake up. Why do you see Trump with eye protection but you've never seen him with a mask? If you can without abandoning free market principles, great. Should the US push businesses to move their operations out of China? china US UnitedStates realDonaldTrump JoeBiden GOP DNC capitalism
Source: BusinessInsider - 🏆 729. / 51 Read more »

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. But I thought Obama was bad for mentioning anything political at a commencement speech? Much better than telling them the people in charge don’t know what they’re doing and they should join the globalist ideology No low for GOP.
Source: BusinessInsider - 🏆 729. / 51 Read more »