US Strategy to Counter China: Securing Supply Chains and Protecting Taiwan.
This Act mandates the US government to develop detailed strategies to counter potential coercive actions by China against Taiwan. The core focus is identifying US economic vulnerabilities, particularly in critical sectors like pharmaceuticals and rare earth minerals, that rely on China. The goal is to secure supply chains, promote domestic production, and prepare comprehensive economic sanctions to deter aggression, indirectly enhancing the stability and security of goods for American consumers.
Key points
Supply Chain Security: Requires identifying and reducing US reliance on China for critical goods and inputs, such as active pharmaceutical ingredients and rare earth minerals.
Sanctions Strategy: Development of a detailed plan for imposing severe economic sanctions on China, including restricting military access to supplies, should they take coercive action against Taiwan.
Boosting Domestic Production: Recommendations for economic incentives and reforms to support US industry, create jobs, and move critical manufacturing back home or to allied nations (friend-shoring).
Expired
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