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US cuts supplies from China, spaces for EU companies

2021-05-26T06:22:16.910Z


(HANDLE) "To meet the Zero Emissions targets by 2050, and facilitate the transition to the green economy, the United States is planning a massive investment program (1 Trillion dollars). European companies will be protagonists in providing the know-how and tools required America is lacking. New scenarios are opening up, therefore, in commercial relations, especially now that the United States is rethinking


"To meet the Zero Emissions targets by 2050, and facilitate the transition to the green economy, the United States is planning a massive investment program (1 Trillion dollars). European companies will be protagonists in providing the know-how and tools required America is lacking. New scenarios are opening up, therefore, in commercial relations, especially now that the United States is rethinking the supply chain, focusing on Europe ".

This was declared to ANSA by Lucio Miranda, President of ExportUSA, an export consultancy company specializing in the American market.



On February 24, Joe Biden issued an executive order that orders within 100 days a government review of the supply chains of 4 categories of essential goods: computer chips, batteries for electric vehicles, pharmaceuticals and active ingredients, minerals. rare used in electronics. The goal is to reduce the dependence on foreign countries in the procurement of these goods, in particular from China, and to bring their production back to the homeland, or to seek supplies from allied countries. The executive order also provides for a one-year review of the supplies of 6 other sectors: defense, public health, information technology and telecommunications, transport, energy and food production.



According to ExportUSA, this change in American policy in an anti-Chinese key will end up benefiting European companies: they produce many components that overseas companies do not produce, and that they will no longer be able to buy in China. "With John Kerry's visit to Brussels we have witnessed a restart of transatlantic relations - added Miranda -. Technologies, applications, plant engineering and infrastructures will be the leading sectors for implementing President Biden's ambitious plan".

Source: ansa

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