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Biden orders supply chain review for 4 industries

Biden orders supply chain review for 4 industries

Biden orders supply chain review for 4 industries
Feb 24, 2021 1 min, 4 secs

The president seeks to determine whether American companies are relying too much on foreign suppliers, particularly those in China.

firms in these sectors are relying too much on foreign suppliers, particularly those in China, a senior administration official told reporters.

Remedies unclear: If risks are identified in the supply chains for critical sectors, the administration will aim to push those companies to move their suppliers out of countries like China and back to the U.S.

“Resilient supply chains are not the same thing as all products being made in America,” said a second senior official.

would risk angering allies like Canada and the European Union, which Biden already irked by strengthening "Buy American" provisions on his first day in office by making it more difficult for foreign companies to supply the U.S.

But how the White House will prod companies remains to be seen.

For now, the White House is not ”taking anything off the table,” the first official said, and strategies to fix the supply chains will depend on the weak spots identified.

“We’re going to get out of the business of reacting to supply chain crises as they arise, and get into the business of getting ahead of future supply chain problems,” one of the senior administration officials said

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