Administration officials, foreign policy experts, and corporate executives warn of a potential 'time bomb,' as weeks of lockdowns in China have disrupted the flow of a variety of products, from computer parts to cars.
Administration officials, foreign policy experts and corporate executives warn of a potential"China time bomb," as a GOP strategist put it, as weeks ofhave disrupted the flow of a variety of products, from computer parts to cars.
“I don’t think you’re going to see a correction because of the zero-tolerance policy in China anytime soon,” Ryan, who has made, said of the Chinese government’s efforts to contain the spread of Covid. “The way they’ve handled the whole thing is problematic.” “There’s a lot of concern that that is what’s out of our control,” a senior administration official said, speaking on the condition of anonymity because he wasn’t authorized to talk to the media.
A security guard outside the entrance of a closed shopping mall during a Covid-19 lockdown in the Jing'an district in Shanghai on Thursday.To help lower the overall cost of products coming from China, Biden said during his trip to Asia this month that he was considering the politically sensitive move ofon China. Biden said he would discuss the issue with Treasury Secretary Janet Yellen, who has criticized the tariffs as doing more harm than good.
“It’s not like days and weeks, but I think over months and certainly years, re-architecting supply chains is going to be a major mandate for U.S. businesses,” said Jeremy Bash, a founder of the consulting company Beacon Global Strategies, who was a national security official in the Obama administration.
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