Representative Mark Green (R-TN) unveiled his plans to introduce a bill that would cover expenses of the manufacturing companies to move from China to the United States, according to The Epoch Times. The proposed bill, funded by “money collected from the US tariffs on Chinese imports”, allows companies that are willing to relocate from China deduct the entire cost associated with the move. In his letter to Congress in April, Green pointed out that for many companies it’s too risky and expensive to move to American soil, while cheap labor and lower cost incentivize to stay in China. “As millions of Americans file for unemployment each week, and as we’ve been forced to make our own homemade masks out of scarves and bandanas, we need to bring our companies home,” said Green.
The congressman earlier introduced a bill called Secure Our Systems Against China’s Tactics that incentivize American investors to purchase struggling companies critical to the national security in order to avoid for China to buy them out. “We must protect our Nation from China’s predatory actions. My bill will not require new funding but will simply reallocate existing funding, making it an easy addition to any relief package,” said Green.
The Trump administration announced earlier that they have plans for “turbocharging” an initiative in order to lower the supply chain dependency on China, hinting about rolling out new tariffs and sanctioning Chinese officials and companies. “I think it is essential to understand where the critical areas are and where critical bottlenecks exist,” Keith Krach, Under Secretary of State for Economic Growth, Energy and the Environment, said to Reuters. Several agencies are looking for ways to move manufacturing from China by using tax incentives and other measures, according to the New York Post. “This moment is a perfect storm; the pandemic has crystallized all the worries that people have had about doing business with China,” one senior official said.
