Trump dangles cash for US firms moving from China
Posted on AllSides August 18th, 2020
From The Center
US President Donald Trump wants to offer tax credits to entice US firms to move factories out of China.
He has also threatened to strip government contracts from firms that continue to outsource work to China.
In a speech on Monday, Mr Trump vowed to create 10 million jobs in 10 months saying “we will end our reliance on China.”
It marks his latest attack on China, after moves that have involved tech companies TikTok, WeChat and Huawei.
The announcement came as tensions between Washington and Beijing have been escalating...
AllSides Media Bias Rating: Center
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