Biden, Trump Both Say They Want to Bring Supply Chains Back From China
In campaign material, both President Donald Trump and challenger Joe Biden say they want to bring critical supply chains back to America so the country isn't dependent on China for the production of critical goods. Biden's campaign says he wants…
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to make a $400 billion procurement investment, and put more teeth in the Buy American policy. Trump says he wants there to be 100% expensing deductions allowed for robotics and pharmaceutical firms that reshore manufacturing in the U.S. He also says there will be no federal contracts for companies that outsource to China. Biden says he will “fix the harmful policies of the Trump administration” in tax and trade, but doesn't specify what he wants to change.