courtesy: Bangkok Post
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The United States has spent the last five years attempting to reduce their reliance over China for computer chips, solar panels, and various consumer imports as it is concerned over the latter’s dominance over critical industries, Beijing’s security threats, and its human rights record.
Despite the policymakers and corporate executives are looking for ways to cut trade ties with China, a growing pile of evidence suggests that the world’s largest economies remain deeply intertwined as Chinese products make their way into America through other countries.
The actions by both former president Donald Trump and current president Joe Biden has brought changes to the global manufacturing and supply chains are still unfolding. While the former had imposed tariffs, the latter’s administration placed tougher restriction on the sale of technology to China.