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

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