China's MFN status helps to keep the global supply chain stable

  • Voting position claim
  • Claim

Name

China's MFN status helps to keep the global supply chain stable

Types

Voting position claim
Claim

Opposed voting positions

Revoke China's Most Favored Nation trade status (MFN)

Opposing arguments

Repelling MFN will speed up the diversification of supply chains out of China
Repeling MFN from China will have a positive effect on strengthening U.S. supply chains and protecting U.S. consumers

Quotes that support the claim

The combination of a weak recovery in China and slowdowns in the world’s two other biggest economies, the European Union (EU) and United States of America (US), will significantly impair global trade growth in early 2023. China remains the dominant manufacturing hub globally in 2023 and has been for the past ten years. So, any reshaping of supply chains due to their reversal of the zero-covid policy will not happen overnight due to the complexity that has been built up over the last decade, with China at the epicentre."

Supporting arguments

Revoking China's MFN status would harm the economies of Taiwan and Hong Kong

Voting issues

China Relations

Referenced by

Revoke China's Most Favored Nation trade status (MFN)

US Politics

Voting position