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Biden s supply chain decoupling moves can reign in China and the climate

Biden s supply chain decoupling moves can rein in China and the climate

© Getty Images President Biden’s executive order aimed at securing supply chains of strategic sectors signals a change in course of action from the previous administration that used trade wars to address the economic challenges associated with China. The Biden administration’s decision to diversify supply chains will prove to be a more prescient strategy to decouple from China and protect American partners and allies from China’s economic coercion than the tariff and trade wars of the Trump administration.  The executive order comes at the backdrop of a sudden halt in vehicle production among the Detroit three, due to shortage of semiconductor chips, that has led to millions in losses to American automakers General Motors closed three plants in North America, production on Ford Motor’s popular pickup trucks was impacted and Stellantis (formerly Fiat-Chrysler) stopped production of the Jeep, Dodge Charger and Challenger for most of January. 

Joe Biden, Democrats take victory lap at White House on $1 9 trillion coronavirus relief package

Mr. Biden walked out to applause from the members on hand, which he returned back to them. “We’ve delivered,” he said. “You made it happen.” Mr. Biden also said the fight against the coronavirus and the associated economic fallout is not over yet. “Conditions can change. We’re not finished yet,” he said. “The scientists have warned us about new variants of this virus. And the devil is in the details of implementing this legislation.” “There’s a lot of work for all of us left to do, but I know we’ll do it,” the president said. Vice President Kamala Harris gave Mr. Biden repeated and effusive verbal pats on the back right before he spoke.

Schumer moves to bring up Becerra s nomination after committee tie

This is the first time Schumer has had to try to force a nomination out of committee, a step he can take under the rules governing the 50-50 Senate.  It s confounding to me that Mr. Becerra . did not get some votes from the other side of the aisle. He is an eminently qualified member. He was an outstanding member of Congress, he was a very good attorney general, and he has led the charge to keep people s health care, Schumer said.   ADVERTISEMENT If Republicans are opposed to Becerra because of his defense of the Affordable Care Act, Schumer added that he would be surprised. It s yesterday s news.   

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