Yes, the US government is probably going to move to pull supply chains out of China.
But you would be a fool to get excited about that, and think that this means the factories are coming back to the US.
The US wants to сut industrial and supply dependence on China amid rising tensions between the two powers. However, not everyone is eager to pack their bags and leave the lucrative Chinese market in the midst of the previous row.
The Trump administration has long been pushing American firms to get back to US soil, especially when trade tensions were flaring between the two biggest global economies. Now the US has revived the trade war rhetoric again.
“We’ve been working on [reducing the reliance of our supply chains in China] over the last few years but we are now turbo-charging that initiative,” Under Secretary for Economic Growth, Energy and the Environment at the US State Department Keith Krach told Reuters.
Krach as well as other officials told the agency that some critical and essential manufacturing should be moved from the country, and the government may take steps on it soon. Apart from the US’ seemingly favorite options of tariffs and sanctions, the plans may include tax incentives and potential reshoring subsidies as well as closer relations with Taiwan – a move which has always angered Beijing.
Washington is also mulling the creation of what one of the officials called ‘Economic Prosperity Network’ which would include companies and groups from some “trusted partners.” The network is set to share the same standards “on everything from digital business, energy and infrastructure to research, trade, education and commerce.”
China’s vital role in global supply chains was felt sharply amid the coronavirus pandemic as many international giants – from tech to car industries – are reliant on the country. The pandemic has forced some US companies to seriously consider at least partial relocation and changing supply chain strategy, according to one of the latest polls conducted by the American Chamber of Commerce in China and its sister organization in Shanghai. However, the majority of firms said that the outbreak does push them to turn their backs on China.
Nevertheless, one of the “China hawks” told Reuters that the virus created “a perfect storm” as it “crystallised all the worries that people have had about doing business with China” and the damages from Covid-19 have eclipsed possible profits.
The sole reason for this is that the Jews who control the US government want to hurt China, who they think has become too powerful in the current world order.
These Jews are not interested in helping you.
It would help us pull ourselves out of the hell situation we’ve created with this lockdown to bring the manufacturing back. But if the Jews cared about solving this problem, they could just as easily have not caused this problem.
The fact of the matter is that there is going to be a whole lot less need for consumer products now that everyone is broke. The factories that manufacture goods that are still needed will be pulled out of China and moved to third world countries that the US has more direct control over.