{"id":574353,"date":"2020-09-07T04:03:55","date_gmt":"2020-09-07T04:03:55","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/07\/the-us-is-doing-its-best-to-untether-itself-from-china-and-pressure-others-to-do-the-same\/"},"modified":"2020-09-07T04:03:55","modified_gmt":"2020-09-07T04:03:55","slug":"the-us-is-doing-its-best-to-untether-itself-from-china-and-pressure-others-to-do-the-same","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/07\/the-us-is-doing-its-best-to-untether-itself-from-china-and-pressure-others-to-do-the-same\/","title":{"rendered":"The US is doing its best to untether itself from China \u2014 and pressure others to do the same"},"content":{"rendered":"

<\/a> The US is trying to untether itself from China \u2014 and pressure others to do <\/strong>the same:<\/strong> US officials urged Western countries and their allies to begin reorienting supply chains away from China as momentum builds towards a so-called decoupling of the world\u2019s two largest economies. The Financial Times<\/a> reports that officials from the US, Taiwan, Japan and the EU met last week to discuss ways to reduce their reliance on Chinese supply chains, and while the view in Washington tends towards a radical separation of economic ties with Beijing, others are less convinced. The Trump administration\u2019s development finance arm is ready to start offering financial incentives for companies doing business in China to relocate elsewhere, but the EU is more circumspect. \u201cSupply chain reorganization is something business is very focused on, but clearly there is a political push going on from the US government here<\/strong>,\u201d an EU official said.<\/p>\n

The view in Europe: diversify, not decouple.<\/strong> Recognition in European capitals of the necessity to cooperate with Beijing on global issues is leading the EU to prefer a diversification of supply chains, rather than outright decoupling, Andreas Kluth writes for Bloomberg<\/a>. Huawei is a case-in-point, with Germany still undecided over whether to allow the Chinese telecoms giant to supply the gear for upcoming 5G networks.<\/p>\n

Decoupling isn\u2019t a one-way street:<\/strong> Beijing\u2019s trying to thwart US pressure on Chinese tech company ByteDance to sell its US operations proves that Washington isn\u2019t the only one that wants to decouple its tech industry, Rana Faroohar writes in the FT.<\/a> China is visibly attempting to separate itself from the traditional centers of tech power in Silicon Valley and establish itself as a power in its own right through its vast export market, the Belt and Road Initiative and the soon-to-be-launched digital renminbi. Attempts by the US to suppress the growing power of Chinese tech, such as blocking Huawei from using US-made chips, is likely only to stimulate more domestic innovation, she says.<\/p>\n

And this is why the Trump administration is mulling placing export restrictions on China\u2019s burgeoning chip industry<\/strong>, in a move that the Wall Street Journal<\/a> says could weaken Beijing\u2019s push for tech self-sufficiency.<\/p>\n","protected":false},"excerpt":{"rendered":"

The US is trying to untether itself from China \u2014 and pressure others to do the same: US officials urged Western countries and their allies to begin reorienting supply chains away from China as momentum builds towards a so-called decoupling of the world\u2019s two largest economies. The Financial Times reports that officials from the US, […]<\/p>\n","protected":false},"author":1,"featured_media":574354,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[9272],"tags":[4254,116,72,7192,2230,5831,239,1510,1464,117,438],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-574353","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-macro-picture","tag-bytedance","tag-china","tag-enterpriseam","tag-eu","tag-huawei","tag-semiconductor-manufacturing-international-corporation","tag-supply-chain","tag-the-macro-picture","tag-tiktok","tag-us","tag-xi-jinping","wpautop","entry"],"acf":{"mongo_id":"de69e745-1217-43cc-a1b1-10ddc4e3fc34","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2020\/9\/84.jpg","photo_position":"above","related_issue":[574333],"teaser":"","voice_url":""},"yoast_head":"\nThe US is doing its best to untether itself from China \u2014 and pressure others to do the same - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2020\/09\/07\/the-us-is-doing-its-best-to-untether-itself-from-china-and-pressure-others-to-do-the-same\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The US is doing its best to untether itself from China \u2014 and pressure others to do the same\" \/>\n<meta property=\"og:description\" content=\"The US is trying to untether itself from China \u2014 and pressure others to do the same: US officials urged Western countries and their allies to begin reorienting supply chains away from China as momentum builds towards a so-called decoupling of the world\u2019s two largest economies. 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The answer lies in the \u201cstrategic monetization\u201d of public infrastructure, reorienting supply chains and capitalizing on business process outsourcing, Ahmed Galal Ismail, CEO of Majid Al Futtaim Properties, writes for the World Economic Forum. The government should focus\u2026","rel":"","context":"In "THE MACRO PICTURE"","block_context":{"text":"THE MACRO PICTURE","link":"https:\/\/enterpriseam.com\/egypt\/category\/the-macro-picture\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/6\/84.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":552799,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/09\/29\/the-future-of-supply-chains-shorter-and-greener\/","url_meta":{"origin":574353,"position":1},"title":"The future of supply chains: Shorter and greener","author":"enterpriseam admin","date":"29 September 2022","format":false,"excerpt":"The supply chain renaissance: Supply chains as we once knew them are changing in response to the global turmoil of the past couple of years, which exposed the cracks in the outdated cycle that gave us most of our beloved products.Supply chains are wishing the 2020s hadn\u2019t happened: First came\u2026","rel":"","context":"In "Macro picture"","block_context":{"text":"Macro picture","link":"https:\/\/enterpriseam.com\/egypt\/category\/explainers\/macro-picture\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/9\/604.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":573564,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/08\/10\/over-a-quarter-of-global-product-sourcing-will-move-to-new-countries-study-finds\/","url_meta":{"origin":574353,"position":2},"title":"Over a quarter of global product sourcing will move to new countries, study finds","author":"enterpriseam admin","date":"10 August 2020","format":false,"excerpt":"Good news if you\u2019re looking to integrate your company into the global supply chain \u2014 a \u201creordering\u201d of the system could open up new windows: More than a quarter of global product procurement could shift to new countries over the next five years, a new study by McKinsey Global Institute\u2026","rel":"","context":"In "THE MACRO PICTURE"","block_context":{"text":"THE MACRO PICTURE","link":"https:\/\/enterpriseam.com\/egypt\/category\/the-macro-picture\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/8\/62.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":591708,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/15\/us-china-announce-preliminary-trade-agreement\/","url_meta":{"origin":574353,"position":3},"title":"US, China announce preliminary trade agreement","author":"enterpriseam admin","date":"15 December 2019","format":false,"excerpt":"US, China announce \u201cPhase One\u201d trade war truce: US and Chinese trade officials have reached a preliminary trade agreement that will scrap bns of USD in tariffs and delay others. The US agreed to suspend 15% tariffs that were set to take hold today on USD 160 bn in Chinese\u2026","rel":"","context":"In "THE MACRO PICTURE"","block_context":{"text":"THE MACRO PICTURE","link":"https:\/\/enterpriseam.com\/egypt\/category\/the-macro-picture\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2019\/12\/2104.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":568808,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/02\/04\/trade-growth-between-emerging-economies-is-flatlining\/","url_meta":{"origin":574353,"position":4},"title":"Trade growth between emerging economies is flatlining","author":"enterpriseam admin","date":"4 February 2020","format":false,"excerpt":"Trade growth between emerging economies is flatlining: Expectations that sluggish growth in developed economies would stimulate intra-EM trade look to have been proven wrong as trade between emerging economies continues to flatline, Steve Johnson writes in the Financial Times. Although EM exports heading to other developing countries did leap from\u2026","rel":"","context":"In "THE MACRO PICTURE"","block_context":{"text":"THE MACRO PICTURE","link":"https:\/\/enterpriseam.com\/egypt\/category\/the-macro-picture\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/2\/57.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":604269,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/08\/28\/climate-change-is-threatening-bordeaux-global-supply-chains-are-exposed-to-chinas-monopoly-on-rare-earth-metals\/","url_meta":{"origin":574353,"position":5},"title":"Climate change is threatening Bordeaux + Global supply chains are exposed to China\u2019s monopoly on rare earth metals","author":"enterpriseam admin","date":"28 August 2023","format":false,"excerpt":"Some French farmers are looking to completely shut down their grape production","rel":"","context":"In "FOR YOUR COMMUTE"","block_context":{"text":"FOR YOUR COMMUTE","link":"https:\/\/enterpriseam.com\/egypt\/category\/for-your-commute\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/8\/1311.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/574353","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=574353"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/574353\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/574333"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/574354"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=574353"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=574353"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=574353"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=574353"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=574353"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}