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Tuesday, March 9, 2021
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Trade

U.S. Supply Chain Security

President Biden’s February 24th Executive Order is, to some extent, an extension of past efforts that recognized vulnerabilities in supply chains. What has changed during the past year is the degree to which the US experienced its vulnerabilities in critical areas during this national emergency. The past year exposed us to the problems arising from shortages of medical products. But, the issue of supply chain security and integrity should not be viewed from the perspective of our vulnerabilities during national emergencies. Supply chain security is a 24/7 issue.

Asia: On the Trade Radar?

The Trump Administration devoted significant time and attention to China. The effort to bring back jobs, reduce our trade deficit, restrict investments by US firms, impose tariffs, and ban Chinese tech companies from certain US sectors were all elements of a strategy to bolster the US.