US, Taiwan seek ‘like-minded’ democracies to remake global supply chains and shift from reliance on China
- US representative in Taipei says supply chains of the future will be reinvented by parties with shared values such as freedom of press and religion
- Trump administration steps up its support for island even without formal diplomatic ties
The administration of US President Donald Trump is taking action on multiple fronts to rebalance American economic ties with China, including executive orders aimed at ensuring domestic production of key products and using “Buy America” requirements and incentives to persuade US firms to bolster domestic supply chains.
China has decried this as a politicised attempt at “decoupling” the world’s two largest economies that will never succeed.
“These are the shared values that will inform how we reinvent the supply chains of the future,” Christensen said.
“Helping economies, sectors and companies build out secure supply chains will require a coordinated effort from all of us.”
Taiwan has also been keen to encourage its companies home from the mainland – which claims Taiwan as its own territory – or to move factories elsewhere.