Former Assistant Treasury Secretary for Financial Institutions Chris Campbell reacts to the president’s weighing decision on rolling back some China tariffs.
"We’ve got to stop talking about it. We got to quit studying it. We need to do it. We need to put some capital in these new areas. We need to attract capital from Wall Street, away from investing in places like Shanghai," he said. "AFF's role is to shine a light not only on the things that we need to invest in, the hard technologies that are going to change this world and keep U.S. leadership, but also to attract the talent, to attract the capital that's been offshored" he said.,
Louie is one of a number of voices that have warned about America’s reliance on foreign chipmakers and semiconductors.It’s a powerful message, coming as the Russian invasion of Ukraine has shown how delicate supply chains can be -- with food and gas prices quickly taking a hit as a result. One fear is that if China invades Taiwan, where many cutting-edge chips are made, they could cut off exports and deal a serious blow to the U.S. across multiple sector, including its military.
"If you don't get this done by August 4 there is irreparable harm to the United States economy and the United States military operations. So you have to at least get this done now," sheBut rather than be doom-and-gloom about the situation, Louie believes the race is easily winnable, and that in doing so it will bring not only security to the U.S., but also jobs -- not only in tech but in manufacturing.
Probably not
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