There’s a lot of scary news about United States-China relations these days. Perhaps the scariest news is the realization that from healthcare equipment to essential minerals, many of the supply chains our national security and economy depend on are controlled by China. The COVID-19 pandemic has shown that America is in a vulnerable position.
For years, concerns over offshoring and China’s grip on critical industries were dismissed with arguments that cheaper products produced overseas were beneficial for consumers and businesses. That argument has now been questioned as the nation found itself short of ventilators, personal protective equipment, and drugs needed to combat the pandemic and not enough domestic manufacturing capacity to meet our needs.
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