Synthaholic
Diamond Member
Go Joe Biden!!! He's depriving China of revenue and hard currency and lessening U.S. dependency on Chinese goods and the Chinese supply line, which caused shortages during and after the U.S. Covid wave, because China refused Western vaccines and their workers were either sick or locked down in isolation.
THIS is how you weaken an adversary. THIS is how you punish them for not boycotting Russian oil.
U.S. companies are accelerating efforts to reduce their dependence upon Chinese suppliers, even as officials in Washington and Beijing labor to put a floor under their sour relationship.
Through the first five months of this year, U.S. imports from China were down 24 percent from the same period one year ago, according to the Census Bureau. Companies such as HP, Stanley Black & Decker and Lego are among those that have been repositioning their supply lines for American consumers, either to avoid the risk of being pinched between rival superpowers or as part of a longer term strategy to produce goods closer to customers.
Either way, China’s role at the center of global manufacturing may be facing its stiffest challenge since the country joined the global trading system more than two decades ago. Mexico, Vietnam and Thailand are nibbling at China’s dominance, though they lack its size and world-class infrastructure.
A combination of political and economic forces is driving the supply chain makeover.
THIS is how you weaken an adversary. THIS is how you punish them for not boycotting Russian oil.
U.S. companies are buying less from China as relations remain tense
Chinese imports down 24 percent through May, and Mexico is now the U.S.’s top trading partner
U.S. companies are accelerating efforts to reduce their dependence upon Chinese suppliers, even as officials in Washington and Beijing labor to put a floor under their sour relationship.
Through the first five months of this year, U.S. imports from China were down 24 percent from the same period one year ago, according to the Census Bureau. Companies such as HP, Stanley Black & Decker and Lego are among those that have been repositioning their supply lines for American consumers, either to avoid the risk of being pinched between rival superpowers or as part of a longer term strategy to produce goods closer to customers.
Either way, China’s role at the center of global manufacturing may be facing its stiffest challenge since the country joined the global trading system more than two decades ago. Mexico, Vietnam and Thailand are nibbling at China’s dominance, though they lack its size and world-class infrastructure.
A combination of political and economic forces is driving the supply chain makeover.