The Trump administration and other Western nations have a growing interest in an alliance to establish critical supply chains outside of China, but the plan for how to do it remains in its infancy.
Some Trump advisers think of this international coalition as an “economic prosperity network.”The effort would seek achievements like the announcement last week that a major Taiwanese electronic chips manufacturer plans to make a $12 billion investment in the United States.
“The deal is a game-changer for the U.S. semiconductor industry,” State Department Undersecretary Keith Krach told reporters late Friday. “This is a giant leap towards bringing high-tech manufacturing back home where it belongs and keeping that commitment that President Trump has made.”
