Former Vice President Joe Biden has released a new strategy for bolstering supply chains in the wake of COVID-19 as part of his general election campaign. The strategy will include more extensive use of the Defense Production Act, federal procurement strategies and payments for surge capacity in healthcare products. There’ll also be a pause in negotiating major new trade deals until the process of bolstering supply chains is completed. U.S. imports of products needed for the diagnosis and treatment of COVID-19 were worth $31.9 billion in the 12 months to May 31 and rose by 36.4% year ove...
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