> The world's dependence on Chinese manufacturing is like Europe's dependence on Russian gas, times ten. This assumes that we won't make moves to mitigate this

> The world's dependence on Chinese manufacturing is like Europe's dependence on Russian gas, times ten. This assumes that we won't make moves to mitigate this dependence in response to Russia's invasion. The US Innovation and Competition Act [1] likely has a much higher chance of passing today than it did prior to Russia's invasion. It calls for $250 billion investment in high tech manufacturing [2]. It has passed the Senate and is currently waiting in the House. I wouldn't be surprised to see the bill grow in scope. [1] https://www.congress.gov/bill/117th-congress/senate-bill/1260 https://www.congress.gov/bill/117th-congress/senate-bill/126... [2] https://www.nbcnews.com/politics/congress/senate-passes-bipartisan-bill-boost-tech-competitiveness-china-n1270079 https://www.nbcnews.com/politics/congress/senate-passes-bipa...