FUCK CHINA : US Moving to “Turbocharge” Cutting Chinese Manufacturing

[Jack]

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.

https://www.rt.com/business/487703-china-us-supply-chains/

Absolutely NATIONALIST. US will make its own shit. They don't need no communist slave labor.

 

[Ghost in the Machine]

This is going to be a difficult and long process, a transition like that from something so ingrained the way it has been isn't going to be easy, especially for a lot of businesses, not that I have any real understanding of such economic topics.

But I'm glad the first steps are being made in working towards the greater result.

Amidst this quarantine the countries have had to rely on their own grounds and means to resources... which is working well enough to the degree of understanding that with proper distribution, attention and appropriate efforts we can entirely rely on ourselves and we don't need one power for virtually everything we have.

It's just a matter of sorting everything out from the ground up. The economy will never be the same, and going forward depending on our efforts, this can be a very good world-changing thing or a very bad hindrance. It all accounts to the long-run.

 

[luis]

I'm litteraly gonna cry!!! This is a HUGE WIN!!!

 

[ToZ Forum Contributions]

The Communist regime threatening to stop any medical shipments to America during this virus crisis in America that was created by China.... Probably helped to allow many to understand the danger of outsourcing your economy.

 

[Wotanwarrior]

The Communist regime threatening to stop any medical shipments to America during this virus crisis in America that was created by China.... Probably helped to allow many to understand the danger of outsourcing your economy.

It has been shown that much of the medical material that China has been sending to Europe was defective.

 

[Sundara]

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.

https://www.rt.com/business/487703-china-us-supply-chains/

Absolutely NATIONALIST. US will make its own shit. They don't need no communist slave labor.

This is going to be huge, this may also be exactly why we were warned to stock up as I’ve been thinking this would happen for a while. I’ve noticed the stores are still stocked but rather than immediately think we’re out of the water, I think this is probably the most likely explanation for the need to be stocking up. The US is massively dependent on what China provides, even in an attempt to slow a cut off, the USA may not be able to increase production fast enough to provide for its citizens. It’d be wise for us to begin practicing complete independence of China bit by bit to stay ahead of the curb, and to yet again, stock the fuck up on necessities and begin finding other ways to have these things.

 

[Desdemona_666]

China wants to go to war over it.

https://www.invidio.us/watch?v=C43-yQ-F-uI&t=27s

I hope not, because such war would be like no other. WW2 would look like picnic compared to it.

 

[Aku]

That’s great news we can create our own stuff and not have to deal with cheap Chinese shit anymore hopefully