Biden Acknowledges US Overreliance on Foreign Supply Chains

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Biden Acknowledges US Overreliance on Foreign Supply Chains

 

President Joe Biden ordered a government review of U.S. supply chains, seeking to end the country’s reliance on China and other adversaries for crucial goods. Biden met with a group of lawmakers from both parties at the White House Wednesday afternoon to discuss the semiconductor shortage, and ways to strengthen supply chains. Watch above or read the excerpt below.

Biden: The vice president and I had a very productive meeting the bipartisan group of senators and House members to address an issue of both concern to our economic security as well as our national security. The resilience and reliability of our critical supply chains…

…The American people should never face shortages in the goods and services they rely on, whether that’s their car or the prescription medicines or the food at the local grocery store…We shouldn’t have to rely on a foreign country, especially one that doesn’t share our interests or our values in order to protect and provide our people during a national emergency.

*Bloomberg contributed to this content

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