fredag 21. august 2020

China Decoupling May Be Unstoppable, Even Under Biden

Presidential candidate Joe Biden released his Plan to Make in America last week and in it you can see that his plan is not to go easy on China. Here are some takeaways from his plan, which sounds a lot like Trump’s.

BUY AMERICAN. Make “Buy American” real and make a $400 billion procurement investment strategy that together with the Biden clean energy and infrastructure plan will power new demand for American products, materials, and services and ensure that they are shipped on U.S.-flagged cargo carriers.

MAKE IT IN AMERICA. Retool and revitalize U.S. manufacturers, with a particular focus on smaller manufacturers and those owned by women and people of color, through specific incentives, additional resources, and new financing tools.