LeadStory
Bloomberg

Campbell: China doesn't hold economic upper hand over U.S.

Bloomberg · 9 days ago
Bloomberg
Bloomberg
9 days ago

Former U.S. Deputy Secretary of State Kurt Campbell says it will take "a generation" to diversify some of the U.S. dependency on China for rare earths and other supply chains, but that doesn't mean Beijing holds the economic upper hand.

BreakdownGenerated by LeadStory AI
  • There is no clear or unified U.S. strategy on China, with differing views within the administration. 15s
  • Recent steps by U.S. and Chinese officials have helped stabilize the bilateral relationship in the short term. 1m 7s
  • Diversifying U.S. supply chains away from China, especially in rare earths, will take a generation. 2m 34s
  • Campbell argues that neither China nor the U.S. has a decisive economic upper hand due to mutual vulnerabilities. 3m 8s
  • Economic escalation between the U.S. and China would negatively affect both countries and the broader global economy. 3m 41s
International PoliticsEconomy