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China’s COVID disaster shows why Americans must reconsider doing business with it
U.S. Senator Marco Rubio (R-FL)
December 22, 2022
New York Post
Beijing reversed its dystopian zero-COVID policy amid mass protests after three years of shuttering homes, businesses and social gatherings. [Now] China is struggling to handle a massive surge in coronavirus cases…. The unpredictability is hard to comprehend, and it could all change course again if conditions worsen….
If — or when — that happens, the effects will ripple through America’s economy…, which is why US policy needs to focus on bringing critical industries back to America. Rep. Ro Khanna (D-Calif.) and I have a proposal to do exactly that. But we also need to convince businesses — supposedly American businesses — that it’s in their interest to move supply chains out of China….
Communist China is inherently unreliable. It is a country of 1.4 billion people ruled by one man’s dictates and whims…. Just ask billionaire Jack Ma, tennis player Peng Shuai or newspaper owner Jimmy Lai how stable their country is. And that doesn’t even take into account the political and financial risk of using supply chains corrupted by slave labor….
Just look at what happened when Congress enacted my Uyghur Forced Labor Prevention Act. China-tied companies had to scramble to ensure they didn’t benefit from slave labor. Those that ignored the problem now run the risk that US customs officers will seize their products. Their suppliers could also end up on a government blacklist….
What are the alternatives to Chinese industry? Many manufacturing jobs can and should return to America. Others could go to our neighbors and allies. All should go to economies that do not carry the risk of imminent closure by decree. Again, there is a role for the government to play, but it is increasingly in companies’ interest to begin divesting and reinvesting of their own accord, with or without incentives….
Now is the time for American companies to do what’s right for their staff, their shareholders and their country. Nothing good or profitable will come from doing the opposite.