(TranHoaiDuc.com: It seems that US has started his actions to set up the new games in the Post-Covid19 Era. Like in the history after the WWII, US shall take lead the change in the world Economy Order. It is happy that Vietnam now in the list of his reliable partners as Mr. Pompeo said. TranHoaiDuc.com would like to introduce the article from Cafef.vn as below)
The United States is trying to create an alliance of reliable partners, called the Economic Prosperity Network," a US official told Reuters.
President Donald Trump has long pledged to bring the manufacturing industry back from abroad. Now, the economic losses and the huge death toll of the United States due to Covid-19 are accelerating the process of reducing production and supply chain dependence on China. "We have been doing this [- reducing the dependency of the supply chain in China - PV Reuters] in the last few years. But now we are promoting that initiative," said Deputy Minister of Foreign Affairs. Keith Krach, United States leader for economic, energy and environmental development, responded to Reuters. "I think it is necessary to understand: where the important areas are and where the important bottlenecks exist," Krach added, which is key to US and Government security. The United States may announce a new action soon.
The U.S. Department of Commerce, the State and other agencies are looking to push companies to move both supply and production out of China. Tax incentives and potential reinsurance subsidies are among the measures under consideration to accelerate the transition, officials and former officials told Reuters. "The whole government is pushing for this," Mr. Krach said. "Agencies are exploring which manufacturing activities should be considered critical and how these items will be manufactured outside of China." "This moment is a perfect storm. The pandemic has gathered all the worries people have when doing business with China," another senior US official said. "All the profits that people think they have earned from doing business with China have collapsed, even many times by the economic influence of Covid-19," the official said.
Economic prosperous network
President Trump has repeatedly stressed he could raise taxes by more than 25% on China's current $ 370 billion portfolio of goods. US companies, who are paying taxes, were "screaming" for damage, especially when sales plummeted during social isolation because of Covid-19. "But that doesn't mean Mr. Trump will falter," officials said. There are still other ways to punish China. But the discussions about supply chain migration are mainly based on multilateral strategies.
"The United States is trying to create an alliance of reliable partners, called the Economic Prosperity Network," an official said. "The network will consist of companies and civil organizations operating under the same set of standards. From digital business, energy, infrastructure to research, commerce, education and commerce. "he said.
"The US government is cooperating with Australia, India, Japan, New Zealand, South Korea and Vietnam to push the global economy forward," said US Secretary of State Mike Pompeo. 4/29. "These discussions include how we restructured ... the supply chain to prevent the same thing from happening again."
Latin American countries may also have a name in it, Reuters wrote.
Colombian Ambassador Francisco Santos said last month that he was in discussions with the White House, the National Security Council, the U.S. Treasury Department, and the U.S. Chamber of Commerce about efforts to encourage US companies to move some chains. supply out of China and bring them closer to home.
China overtook the United States to become the world's leading producer in 2010 and accounted for 28% of global production in 2018, according to UN data.
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