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MSNBC Morning Joe June 4, 2024 11:17:00

Businesses. now, whether its masks, medication, computer chips, were suddenly realizing that unfettered free trade and this blind faith in the markets left this country exposed. talk about that. >> yeah, absolutely. i think the biden administration has begun to propose an alternative. some of this began under president trump, and he started to shatter some elements of that old consensus. but in a series of bills that have passed, youve got the infrastructure bill, you have the chips bill, you ha...
Free Trade Computer Chips Blind Faith Joe Biden Industrial Policy Inflation Reduction Act

MSNBC Chris Jansing Reports June 4, 2024 17:01:00

Because of the pandemic, when factories shutdown in asia they had no idea they were supplying essential materials to us, shutdown around the world. these small computer chips, the size of your finger tip, they affect nearly everything in our lives. our cell phones. automobiles, refrigerators, weapons systems, everything. america invented these chips we made them smaller, faster and more powerful. but over time we went from producing 40% of the worlds chips down to just 10% of them despite leadin...
United States Computer Chips Essential Materials Cell Phones Finger Tip Chips Shutdown

CNN Fareed Zakaria GPS June 4, 2024 14:04:00

Geopolitical competition. and yet both are deeply economically intertwined. can these two trends, geopolitical tension and economic engagement continue. or will one of them give. over the last few years, as washington and beijing have feuded. us china trade in goods has remained strong, reaching an all time high of nearly $700 billion last year. major american companies from qualcomm to corning to win resorts get large chunks of their revenue from china. the biden administration has pursued a po...
U S China Trade And Beijing Have Feuded 700 Billion 00 Billion George W Bush Administration

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CNN Fareed Zakaria GPS June 4, 2024 17:03:00

Chunks of their revenue from china. the biden administration has pursued a policy toward china that is more strategic than donald trumps tariffs. it has sought to deny china access to some of the highest and technology chiefly the worlds most advanced computer chips. it is also made large scale investments in science and technology, and its even providing manufacturing subsidies to revive high tech manufacturing within the united states. the effort here using national security advisor jake sulli...
China S George W Bush Administration Donald Trump Joe Biden United States High Tech Manufacturing

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