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Ottawa is increasing its ‘friendshoring’ focus to improve supply chains: analysts

Canadian Manufacturing

Treasury Secretary Janet Yellen coined the term “friendshoring” a year ago, saying allies should rely on each other to make supply chains more resilient, and defang hostile actors from taxing or withholding goods. “It’s essentially saying what we’ve been doing for the last 30 years of engagement is over.”

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Friendshoring: what is it and can it solve our supply problems?

The Guardian Manufacturing

With offshoring now faltering, a US-led trend sees firms shifting manufacturing and more to countries with shared values. But this won’t be cost-free Offshoring was followed by reshoring – and now US officials’ latest wheeze to deal with massive global supply chain disruption is “friendshoring”.

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$5.4B international chip deal with Intel falls through after approval from China never arrives

Canadian Manufacturing

Last month, ahead of Treasury Secretary Janet Yellen’s visit to Beijing, China imposed export curbs on two metals used in computer chips and solar cells. Intel originally aimed to close the deal by the first quarter of the year, but later extended the deadline after it failed to receive approval from China. Tower’s U.S.

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U.S. Treasury Secretary says China’s buildout of green energy industry ‘distorts global prices’

Canadian Manufacturing

Treasury Secretary Janet Yellen is calling out China’s ramped-up production in solar energy, electric vehicles and lithium-ion batteries, calling it unfair competition that “distorts global prices” and “hurts American firms and workers, as well as firms and workers around the world.”

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U.S.-China trade spat over EVs, green tech

Canadian Manufacturing

China trade fight, highlighted by Treasury Secretary Janet Yellen during her five-day visit to China and seized on by former President Donald Trump in incendiary remarks on the campaign trail. The rapid expansion of EV production has sparked fierce price wars that are expected to drive some makers out of business.

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Canada keeping a close on standoff over U.S. debt limit

Canadian Manufacturing

Treasury Secretary Janet Yellen warned last week that the current ceiling could be reached as early as June 1, at which point the U.S. ” said Andreas Schotter, a professor of international business at Western University’s Ivey Business School in London, Ont. government’s borrowing power. “A U.S.