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Economy
AG Barr says US now overly reliant on Chinese goods, services
2020-07-17
WASHINGTON (AP) — The United States has become overly reliant on Chinese goods and services, including face masks, medical gowns and other protective equipment designed to curb the spread of the coronavirus, Attorney General William Barr said Thursday as he also cautioned American business leaders against promoting policies favorable to Beijing.

Barr asserted that China had not only dominated the market on protective gear, exposing American dependence on Beijing, but had also hoarded supplies and blocked producers from exporting to them to countries in need. He accused hackers linked to the Chinese government of targeting American universities and businesses to steal research related to vaccine development, leveling the allegation against Beijing hours after Western agencies made similar claims against Russia.

Barr’s address at the Gerald R. Ford Presidential Museum in Grand Rapids, Michigan, is part of a full-court press by the Trump administration to denounce China, including for its alleged economic espionage. It comes as President Donald Trump tries to fend off criticism of his handling of the coronavirus and to shift the blame back onto Beijing, and as he looks to position himself as tougher on China than Democratic rival Joe Biden.
Posted by:Besoeker

#10  /\ ...All the MBAs care about is money.
The money in the Next fiscal Quarter(* Frown *)!! Also they only care if their chosen "metrics" (Thank-you-very-much (Not!) Robert McNamara!) tell them that everything is going well (even if it isn't in Real Lifeâ„¢)...
Posted by: magpie   2020-07-17 17:13  

#9  No surprise here! Especially when Harbor Freight sell better quality stuff than the big boxes.

Sad isn't it, that's what happens when you let the MBAs run the US companies. All the MBAs care about is money.
Posted by: Seeking Cure For Ignorance   2020-07-17 16:52  

#8  And then he played "Flowers of the Forest" on his bagpipes.

And then, seeing his work was done and that it was good, he toddled off to lunch.
Posted by: charger   2020-07-17 13:23  

#7  Barr could have said this 20 years ago.
Posted by: Herb Omomosing8705   2020-07-17 11:42  

#6  ..why would they infiltrate East Germany? Certain professional courtesy there.
Posted by: Procopius2k   2020-07-17 10:56  

#5  Britain is 'Europe's No 1 target' for infiltration by China's Communist Party, expert warns
Posted by: Skidmark   2020-07-17 09:05  

#4  Yup, that sure was a sudden revelation, wasn't it?
Posted by: Raj   2020-07-17 09:02  

#3  O.k., who woke Barr up?
Posted by: Clem   2020-07-17 07:22  

#2  It was almost like it was by design. (so do I need to put a /sarc on that?)
Posted by: Procopius2k   2020-07-17 06:59  

#1  Chinese money laundering. I thought that was the plan. How else are they going to continue to buy our gummit bonds and finance our national debt ?
Posted by: Besoeker   2020-07-17 02:30  

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