Commentary
The Biden administration is taking steps to restrict China’s investment and trade to slow Beijing’s quest for dominance, but it is slow going with piecemeal and often uncoordinated legislation.
American money supports the Chinese Communist Party (CCP) juggernaut on both sides of the Pacific. China is buying up assets in the United States, while American investors and consumers are funding the CCP. Reshoring American factories can counter this because it would reduce U.S. exposure to CCP-controlled supply chains and cut off the funding the CCP needs for its global ambitions.
Global supply chains are still reeling from two years of COVID-19 restrictions inside and outside China. And the situation may worsen as the CCP claims sovereignty over the Taiwan Strait, which accounts for about one-third of global shipping. The United States maintains that the Taiwan Strait is an international waterway. If the CCP restricts access to the Strait, it will deal a heavy blow to international trade….