U.S. mulls paying companies, tax breaks to pull supply chains from China

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U.S. lawmakers and officials are crafting proposals to push American companies to move operations or key suppliers out of China that include tax breaks, new rules, and carefully structured subsidies.

FILE PHOTO: U.S. President Donald Trump looks at an assembly line during a tour of Honeywell's facility manufacturing protective face masks for the coronavirus disease outbreak in Phoenix, Arizona, U.S., May 5, 2020. REUTERS/Tom Brenner/File Photo

On Thursday, Trump signed an executive order that gave a U.S. overseas investment agency new powers to help manufacturers in the United States. The goal, Trump said, is to"produce everything America needs for ourselves and then export to the world, and that includes medicines." “The whole subject of supply chains and integrity of supply chains... does have a greater place in members’ minds,” Representative Mac Thornberry, the top Republican on the House of Representatives Armed Services Committee, told reporters May 7.“Coronavirus has been a painful wakeup call that we are too reliant on nations like China for critical medical supplies,” said U.S. Senator Lindsey Graham in a press release on Friday. He is expected to issue a new bill this week.

Republican Representative Mark Green’s “SOS Act” proposes funding takeovers of vulnerable U.S. companies that are critical to our national security. That would be a boon for states that are struggling to pay their own bills after widespread lockdowns, plummeting tax revenues, and a huge surge in COVID-related costs, one state official said.

White House economic adviser Larry Kudlow has talked publicly about using tax incentives instead to prod U.S. companies to move some manufacturing home.

 

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andrea_shalal alexalper Zengerle they already have all the technologies proof they are the ones who have 5G and many others so better to cooperate than to leave the table

andrea_shalal alexalper Zengerle Move jobs to South America. Build up economy and relations with the countries the jobs go to.

andrea_shalal alexalper Zengerle He tried warning us in 2011.

andrea_shalal alexalper Zengerle

andrea_shalal alexalper Zengerle The price will be paid by US citizens, as Cost of Manufacturing /Sales will hike.

andrea_shalal alexalper Zengerle Great, the polluted and bloody factory finally will move out China , good luck Americans

andrea_shalal alexalper Zengerle النصر لك الاسد ترامب ؟!

andrea_shalal alexalper Zengerle 🤓

andrea_shalal alexalper Zengerle China and the W.H.O. Lied MANY MANY MANY MANY MANY MANY MANY MANY MANY MANY MANY MANY MANY MANY MANY MANY MANY MANY MANY MANY MANY MANY MANY MANY MANY MANY MANY MANY MANY MANY MANY MANY MANY MANY MANY MANY MANY MANY MANY MANY MANY MANY MANY MANY MANY MANY MANY MANY PEOPLE DIED

andrea_shalal alexalper Zengerle You look cool, as long as don't open your mouth.

andrea_shalal alexalper Zengerle

andrea_shalal alexalper Zengerle Wait....he wears goggles but won't wear a mask?

andrea_shalal alexalper Zengerle How? All this industry of - clothing & leather goods - faux jewelry - plastic toys and non - kitchenware - car spare parts - all kinds of home furniture - small & big garden machinery - musical instruments should I continue? (don’t have tweeter space).

andrea_shalal alexalper Zengerle All you need is the mask.

andrea_shalal alexalper Zengerle It’s about time. China received to much coddling from the past administration. Nixon went to China because of Watergate, that’s how far this bullshit goes. Now Trump, a true leader, is going to undo the swamps greed. Both Dems & GOP. HE WILL FIND THE SWAMP IS VERY DEEP.

andrea_shalal alexalper Zengerle At least we are energy independent and have a wall. sarcasm

andrea_shalal alexalper Zengerle One thing I can say now. The eyes sight is most important a N O S E.

andrea_shalal alexalper Zengerle looks like War, question is how hot, blows alreadt traded, no doubtthe smart money is in the bunkers doing a dry run for the up coming real thing.. a pal is a cantractor on one of the 11 completed of a planned 16 in the USa..... Preppers called it correct

andrea_shalal alexalper Zengerle To the USA?!

andrea_shalal alexalper Zengerle Its way past time to do this

andrea_shalal alexalper Zengerle

andrea_shalal alexalper Zengerle Does that mean Trump and Ivanka will move their businesses out as well? Hopefully Trump pays the $210+ million he owes them.

andrea_shalal alexalper Zengerle

andrea_shalal alexalper Zengerle why is our Presidend (immune ) wearing these spectacle's - this make's me doubt that America is as stronk as it once was (see founding father's )

andrea_shalal alexalper Zengerle The image used here is epic.

andrea_shalal alexalper Zengerle Follow the lead of the economic Minister of France Le Maitre. He stated no corporation or company should receive COVID 19 aid unless they repatriate outsourced jobs back to France from overseas. Only Pres Trump is on board with job outscourcing. Not even an issue with Democrats

andrea_shalal alexalper Zengerle I dont think its trump ........... does he have a stunt double....😂🤣😅

andrea_shalal alexalper Zengerle It will work, you know, so many East Asian countries are eager to suck Trump's ass for any shift. And I guess China won't care so much since they are busy to construct a huge domestic market. U.S. is decaying and not every country have to rely on her, anyone agrees with me?

andrea_shalal alexalper Zengerle BS

andrea_shalal alexalper Zengerle It’s never wise to put your strategic suppliers in a country that keeps on threatening you. What’s the difference from giving a gun to your enemy? China COVID19

andrea_shalal alexalper Zengerle An economic and industrial revolution is taking place in the silence of Corona. 🤫

andrea_shalal alexalper Zengerle War

andrea_shalal alexalper Zengerle How's that help Americans, very bad ideal

andrea_shalal alexalper Zengerle China gangsters don’t allow you move out of China. You just establish a new production line in other countries.

andrea_shalal alexalper Zengerle What is that under his chin? Should have been pixelated out...

andrea_shalal alexalper Zengerle Ivanka better starts looking for new factories but bet your bottom dollar it will not be in the US. (too expensive & you actually have to pay people a living wage.)

andrea_shalal alexalper Zengerle China has had most-favored-nation status since 1980. Gingrich even supported renewing MFN status for China in 1998 (against democratic opposition to Bill Clinton’s proposed extension).

andrea_shalal alexalper Zengerle Ivanka included? 🤔

andrea_shalal alexalper Zengerle It’s China’s price to pay to keep dear Donald in his seat. And for 2028, let’s have Pompeo and 2032, Eric trump.

andrea_shalal alexalper Zengerle Excellent news.

That would be a good move

free market, my ass

No. Just leave the supply chain alone right now.

To where? India? Vietnam? consumers won’t mind to pay “a little bit more” for US products?

Now there's a brilliant cure for the virus, more tax breaks for the rich. GoJoe

Sanctions need to be applied to China. They have to pay for this crisis they created through lies & deception

That is not a bad idea. I have seldom said that in the last 3 years

We already know where the caps the bags and the diapers for trump is made .. so you know what it is .. tax payers money to them pockets ..

Corporations decided on their own to move to China. Corporate welfare isn’t “capitalism”.

The American people have poor judgment, they can't understand the basic location, so they are very easy to be cheated by politicians

Truly a president for the people! Hail to the fu$&ng chief...and while he does that we regular folks can make ends meet via muggings and cannibalism! 💰 🍖

It’s all about market shares. That’s the reasons those companies there. Finding another market to replace China won’t be easy 😎

Imagine all things from Amazon doubled price

Another pocket lining gift for the Trump family!

Thats good,heavily polluted factories can finally out of china

i prefer chinese goods than indians

How is that going to work since most of them are paying almost no taxes now?

Yay! It’s like socialism, but by stupid people!

I like it. Fantastic idea Prez Trump, always thinking outside the box. MAGA, Trump 2020!

I remember when it all started, you didn't sell Chinese products to the US like Huawei, and you also killed Qasem Soleimani, a withdrawn from China, and modified a mutation of war viruses into chemical warfare. (only in my opinion).

Hey Trump!, PIMP my ride 😎✌

Nov 3. A chance to bring back some stability and sanity by getting this nutcase out

I hope that happens! I'm not an economist, but if we all have to pay a bit more for things, to keep us all working stable, then let's do that.

Spend tax dollars to make your industry less competitive. Just like what japan did in the 90s, maybe the US will get to see 3 lost decades too.

Personal income is more than US $ 500 million / Year 😯

Don Quixote, think of windmills as enemies. Consumers only want low-cost and high-quality goods. Whoever can produce them will buy them, regardless of which country you produce them. China once wanted to boycott Japanese goods, and finally became a laughingstock.

Goodbye China

Get Cacas out of office and come to Mexico mofos!

No shit sherlock..... like China gonna fall apart. 🙄🙄

No, No more Torturing Cats & Dogs for pleasure and food

Good, let’s use India instead

TrashTalk

Welfare

More corporate socialism

Isn’t that something Donny doesn’t like airbus receiving ?

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