The Biden administration is keen to address reliance on foreign countries, such as China, and as part of a 100-day inter-agency review ordered in February, confirmed last week in a 255-page White House report that it will set up a “strike force” to fight China’s unfair trade practices and strengthen American supply chains. Photo: AP The Biden administration is keen to address reliance on foreign countries, such as China, and as part of a 100-day inter-agency review ordered in February, confirmed last week in a 255-page White House report that it will set up a “strike force” to fight China’s unfair trade practices and strengthen American supply chains. Photo: AP
The Biden administration is keen to address reliance on foreign countries, such as China, and as part of a 100-day inter-agency review ordered in February, confirmed last week in a 255-page White House report that it will set up a “strike force” to fight China’s unfair trade practices and strengthen American supply chains. Photo: AP

US optimism to reshore supply chains from Asia ‘overblown’, with region’s share of global exports set to rise

  • Biden administration is keen to loosen supply chain dependence on Asia, especially China, and has established a trade ‘strike force’ to strengthen US production
  • But The Economist Intelligence Unit says firms and investors will remain deterred by North America’s lack of competitiveness compared to Asian economies

Topic |   US-China relations
The Biden administration is keen to address reliance on foreign countries, such as China, and as part of a 100-day inter-agency review ordered in February, confirmed last week in a 255-page White House report that it will set up a “strike force” to fight China’s unfair trade practices and strengthen American supply chains. Photo: AP The Biden administration is keen to address reliance on foreign countries, such as China, and as part of a 100-day inter-agency review ordered in February, confirmed last week in a 255-page White House report that it will set up a “strike force” to fight China’s unfair trade practices and strengthen American supply chains. Photo: AP
The Biden administration is keen to address reliance on foreign countries, such as China, and as part of a 100-day inter-agency review ordered in February, confirmed last week in a 255-page White House report that it will set up a “strike force” to fight China’s unfair trade practices and strengthen American supply chains. Photo: AP
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