Thursday, May 21st, 2020
US Lawmakers China Trade, Donald Trump China Trade, Tax Breaks US Manufacturers, Trump Tax Breaks China Manufacturing, China versus US Manufacturing, Trump Trade China,
The Donald has decided that it is time for America to become self-sustaining, for strategic reasons, reasons that, I would support, within the framework of the coercive enterprise governance competition currently going on between America and the rest of the world, with specific note of China as the main competitor in that venue, is absolutely the right decision to make.
Watching the corpo-state media continue to push against this effort, couching it, mostly covertly, but often overtly, as xenophobia and worst, using the same talking points, literally, as the Chinese agit prop vehicles in the west employ, is really helping a lot of normy Americans see just how far some factionalists are willing to go in the name of preserving the source for their incredible, unaccountable power, their access to the Chinese markets.
Excerpt from economictimes.indiatimes.com
U.S. mulls paying companies, tax breaks to pull supply chains from China
U.S. lawmakers and officials are crafting proposals to push American companies to move operations or key suppliers out of China that include tax breaks, new rules, and carefully structured subsidies.
Interviews with a dozen current and former government officials, industry executives and members of Congress show widespread discussions underway – including the idea of a “reshoring fund” originally stocked with $25 billion – to encourage U.S. companies to drastically revamp their relation….
On Thursday, Trump signed an executive order that gave a U.S. overseas investment agency new powers to help manufacturers in the United States. The goal, Trump said, is to “produce everything America needs for ourselves and then export to the world, and that includes medicines.”
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