Our website is made possible by displaying non-intrusive online advertisements to our visitors.
Please consider supporting us by disabling or pausing your ad blocker.
WSJ: The New Plan for Western Companies Is ABC: ‘Anything But China’
As US-China tensions rise, more Western businesses are moving production elsewhere in a ‘China Plus 1’ strategy aimed at reducing reliance on China, the Wall Street Journal reports, adding the first wave of supply chain moves out of China focused on assembly, but this time includes component makers of sensors, power electronics, printed circuit boards (PCBs), etc., opening new opportunities for countries in Asia and Latin America to move up the value chain.
Taiwan plans to buy up to $10 billion of weapons from the US as part of measures aimed at bolstering its defense against China and avoiding threatened tariffs by the Trump administration, Reuters reports, citing unnamed sources, and adding it is also aimed at showing Taiwan is committed to its defense, and adding the package would include coastal defense cruise missiles and HIMARS rockets.
