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 Covid-19 outbreak, according to officials familiar with US planning.
President Donald Trump, who has stepped up recent attacks on China ahead of the November 3 US presidential election, has long pledged to bring manufacturing back from overseas.
Not just Trump. Many countries must rethink supply chains post pandemic. Companies now know they can no longer depend on China as engine of world supply chains. Msia must plan & prepare. The risks & opportunities of the global shifts will be pivotal to Msia’s future.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Dollar firm but stocks, oil under pressure as US-China tensions rise | Malay MailSINGAPORE, May 4 — The dollar rose, oil fell and stock markets were poised to slip today as rising US-China tensions over the coronavirus — and growing unease at the gulf between asset prices and grim economic reality — turned investors cautious. In thin trade, with China and Japan on...
Source: malaymail - 🏆 1. / 86 Read more »
Trump administration pushing to rip global supply chains from China, say officials | Malay MailWASHINGTON, May 4 — 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 US planning. President Donald Trump,... 👌👍
Source: malaymail - 🏆 1. / 86 Read more »
Equities tumble as Trump revives fears of trade war with ChinaAnalysts warn equities could suffer as corporate earnings reveal the extent of the damage. FMTNews Trump China
Source: fmtoday - 🏆 5. / 72 Read more »
Nissan to retrench further in new plan to focus on US, Japan, ChinaEmbattled carmaker aims to fix problems from ousted leader Carlos Ghosn's aggressive expansion drive FMTNews Nissan
Source: fmtoday - 🏆 5. / 72 Read more »
China slams US tweet favouring Taiwan | The Malaysian InsightUnited States calls self-ruled island's exclusion in UN an 'affront'.
Source: msianinsight - 🏆 8. / 63 Read more »
Nissan to retrench further in new plan to focus on US, Japan, ChinaYOKOHAMA: Nissan Motor Co Ltd will pull back from Europe and elsewhere to focus on the United States, China and Japan under a plan that represents a new strategic direction for the embattled carmaker, say people with direct knowledge of the plan. The “operational performance plan” is due to be announced on May 28 and goes beyond fixing problems from ousted leader Carlos Ghosn’s aggressive expansion drive, the people said. Pursuit of market share, particularly in the United States, led to steep discounting and a cheapened brand. Under the new, three-year plan — reported here for the first time — Nissan aims to restore dealer ties and refresh l...
Source: staronline - 🏆 4. / 75 Read more »