US President Joe Biden is set to sign an executive order to establish a “China-free” tech supply chain for products including chips, semiconductors, rare-earth metals, electric-vehicle batteries, and medical supplies, Nikkei Asia reported.
The US will be “working with allies [that] can lead to strong, resilient supply chains,” the order stated. It will be collaborating with countries like Taiwan, Japan, and South Korea to develop supply networks less prone to disruptions like natural disasters and sanctions. Will this move reverse China’s fortunes and change the global power dynamics?
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