WASHINGTON: 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.
"I think it is essential to understand where the critical areas are and where critical bottlenecks exist," Krach said, adding that the matter was key to US security and one the government could announce new action on soon.The US Commerce Department, State and other agencies are looking for ways to push companies to move both sourcing and manufacturing out of China.
"This moment is a perfect storm; the pandemic has crystallised all the worries that people have had about doing business with China," said another senior US official. But that does not mean Trump will balk at new ones, officials say. Other ways to punish China may include sanctions on officials or companies, and closer relations with Taiwan, the self-governing island China considers a province.
The US government is working with Australia, India, Japan, New Zealand, South Korea and Vietnam to"move the global economy forward," Secretary of State Mike Pompeo said Apr 29. The pandemic has highlighted China's key role in the supply chain for generic drugs that account for the majority of prescriptions in the United States. It has also shown China's dominance in goods like the thermal cameras needed to test workers for fevers, and its importance in food supplies.Many US companies have invested heavily in Chinese manufacturing and rely on China's 1.4 billion people for a big chunk of their sales.
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:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Trump says China made 'horrible mistake', tried to mask coronavirus outbreakWASHINGTON (BLOOMBERG) - President Donald Trump said he has little doubt that China misled the world about the scale and risk of the coronavirus outbreak and then sought to cover it up as the disease became a global pandemic.. Read more at straitstimes.com. Trump is trying to hide the fact that he performed so poor handling COVID-19 outbreak in US as well as worldwide. Americans have made 'horrible mistake' electing Trump as US president. It is horrible for Trump how well China contained it, horrible how badly Trump failed to do the same. It’s horrible !
Source: The Straits Times - 🏆 8. / 63 Read more »
China liaison office says protesters are jeopardising Hong Kong's futureHONG KONG (BLOOMBERG) - China's Liaison Office in Hong Kong accused protesters of jeopardising the future of the city, calling demonstrations on Friday (May 1) 'illegal activities,' in the latest signal that China's top agency in the city intends to take a more hands-on role in the semi-autonomous territory.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »
'Once Upon a Virus': China mocks US coronavirus response in Lego-like animationSHANGHAI (REUTERS) - China has published a short animation titled 'Once Upon a Virus' mocking the US response to the new coronavirus using Lego-like figures to represent the two countries.. Read more at straitstimes.com. Sounds like 2 primary school kids having a fight during recess time 🙄 Hahahaha Ok, tumor.
Source: The Straits Times - 🏆 8. / 63 Read more »
China reports 3 new COVID-19 cases, all importedChina reported three new coronavirus cases for May 3, up from two the day before, data from the national health authority showed on Monday. Just like South Korea. 8 imported cases. zero local case.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
US says 'evidence' virus came from China lab as Europe eases lockdownUS Secretary of State Mike Pompeo on Sunday said 'enormous evidence' showed the new coronavirus originated in a lab in China, further fueling tensions with Beijing over its handling of the outbreak. Pompeo's comments came as Europe and parts of the United States prepared to cautiously Had it been from other US administrations it would seem to be credible, not so when from current administration.🤷♂️ lies peddling against China Quit Talking cock. Show us the evidence or shut the fork up.
Source: YahooSG - 🏆 3. / 71 Read more »
US says 'evidence' coronavirus came from China lab as Europe eases lockdownWASHINGTON: US Secretary of State Mike Pompeo on Sunday (May 3) said 'enormous evidence' showed the new coronavirus originated in a lab in China, ... ”evidence” They kept on saying there is evidence but where? Instead of PR stunt, present the evidence. It is the MO Iraq Weapons of Mass Destruction, theme. Can USA Leader focus on saving own citizens lives, instead of using Covid19 as political tools.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »