Business Standard

Trump admin pushing to rip global supply chains from China: Report

The US Commerce Department, State and other agencies are looking for ways to push companies to move both sourcing and manufacturing out of China

President Donald Trump
Premium

President Donald Trump speaks during a meeting with people that have recovered from COVID-19, in the Cabinet Room of the White House, Tuesday, April 14, 2020, in Washington. Photo: AP/PTI

Reuters Washington
By Humeyra Pamuk and Andrea Shalal
The Trump administration is "turbocharging" an initiative to remove global industrial supply chains from China as it weighs new tariffs to punish Beijing for its handling of the coronavirus outbreak, according to officials familiar with U.S. planning.
President Donald Trump, who has stepped up recent attacks on China ahead of the Nov. 3 U.S. presidential election, has long pledged to bring manufacturing back from overseas.
Now, economic destruction and the massive U.S. coronavirus death toll are driving a government-wide push to move U.S. production and supply chain dependency away from China, even if it goes to other

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in