Companies plan to continue shifting supply chains out of China under Biden or Trump, says PwC exec
While investment in China will remain important, 'on a relative basis, we're seeing U.S. companies planning to spread that out more,' PwC U.S. Chair Tim Ryan told CNBC.
"Unfortunately, the pandemic has slowed down our ability to move into Malaysia, so that's going to move into  before we get it done."Ryan said PwC's survey found slightly more executives were worried about trade tensions with China under Trump, compared with under Biden. However, almost 30% of respondents said they "strongly agree" that trade restrictions on China will be intensified no matter who wins.
Biden, the former vice president under President Barack Obama, currently leads Trump by 7.9 percentage points in an average of national pollscompiled by RealClearPolitics."I see the China-U.S. relationship still being very important. It's a major market, and so we do see investment there," said Ryan. "But on a relative basis, we're seeing U.S. companies planning to spread that out more, and that's a trend that's been underway for the last couple years that we expect to continue."
Another finding from PwC's survey is that regardless of the election outcome, 70% of business leadersexpect corporate taxesto increase to help pay for the trillions of dollars in coronavirus stimulus. Trump's signature tax law lowered the rate from 35% to 21%. Biden has called for it to be raised to 28%.
"One of the careful things we have to balance here, we clearly have a need to make sure we pay for the stimulus. We clearly have a need to make sure we don't leave people behind, but in the same token, we can't lose the competitiveness of U.S. businesses because that does mean jobs," Ryan said.
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Tony Bobulinski's emails, texts corroborate accounts of Hunter Biden China deals: WSJ editorial pageBobulinski alleges that in May 2017 email, Hunter sought to get Joe 10 percent equity from Sinohawk Holdings, a holding company of which Bobulinski was CEO. How does this matter in addressing the pandemic and our economic depression? Newsweek please delete half of your name.
China hopes for change if Biden wins, but little likelyChinese leaders hope Washington will tone down conflicts over trade, technology and security if Joe Biden wins the presidential election. But any shift is likely to be in style as frustration with Beijing increases across the American political spectrum. Yes it will!!!! I’m sure they do. They already have CrookedJoeBiden in their back pocket. Let’s stick it to China realDonaldTrump
Trump links Biden to China via son Hunter’s ex-business partnerBefore the final US presidential debate, Trump's campaign introduced Tony Bobulinski to the crowd – who said he was a former business associate of Joe Biden's son and had evidence against the family
Trump Touts His Coronavirus 'China Ban' To Bash Biden And Fauci. Here’s Why That’s A Problem.I cover national politics for Forbes. Previously, I've written for TIME, Newsweek, the New York Daily News and VICE News. I also launched my own startup, Newsreel, a politics news platform for a young audience. Okay Still struggling with becoming A Profitable Forex trader? I can help you out,Make $3000 In Just A Week,No need to pay for Signals,Learn how to invest and generate income all by yourself.Become a successful forex trader today📊💰.DM for more info petersadelbert Wasted words...
Trump Touts His Coronavirus 'China Ban' To Bash Biden And Fauci. Here’s Why That’s A Problem.I cover national politics for Forbes. Previously, I've written for TIME, Newsweek, the New York Daily News and VICE News. I also launched my own startup, Newsreel, a politics news platform for a young audience. Look at his face Defeated Enjoy いいですね
No evidence for Trump claim that Joe Biden earned money in China, according to the Wall Street Journal, contradicting its editorial sectionReviewing corporate records and text messages, The Wall Street Journal uncovered no evidence that Joe Biden did business in China. viriyabot Just looked at wiki, it says Yahoo!, along with Google China, Microsoft, Cisco, AOL, Skype, Nortel and others, has cooperated with the Communist Party of China in implementing a system of Internet censorship in mainland China. It’s not “ Trumps claim”. It appears that that is his son’s claim. 😂😂😂