Biden to focus on countering China's influence during stop in North Carolina
President Joe Biden on Thursday is expected to push Congress to pass legislation aimed at countering China's growing economic influence by investing in US manufacturing, technology, research and development.
During a stop in North Carolina, the President will deliver remarks from a historically Black university in Greensboro and highlight his administration's efforts to rebuild supply chains that have been heavily disrupted during the coronavirus pandemic, according to the White House.
The trip to the battleground state comes days after a new report showed consumer price inflation hit a new 40-year high in March. The White House is grappling to contain sky-high gas and food costs as Russia's invasion of Ukraine upends global commodity markets and as supply chain woes persist amid the pandemic.
The Senate and House of Representatives have passed their own versions of a bill aimed at countering China's influence with manufacturing and research investment. Both bills are aimed at addressing pressing economic issues facing the Biden administration, including supply chain disruptions and a global shortage of semiconductor chips. Lawmakers must now reconcile the differences between the two versions of the bill, and both chambers will have to vote again before the bill reaches Biden's desk.
https://www.msn.com/en-us/news/politics/biden-to-focus-on-countering-china-s-influence-during-stop-in-north-carolina/ar-AAWdDBp
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