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11/29/2022, 9:34 PM (Source: TeleTrader)
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Biden: Xi, EU leaders upset production returning to US

United States President Joe Biden claimed on Tuesday that his Chinese counterpart Xi Jinping and some European leaders are a "little upset" that his administration is bringing manufacturing back to the US, including the production of semiconductors, electric vehicles and batteries.

Biden insisted that America is becoming a "top destination for companies across the globe looking to make investments in manufacturing again" as they are interested in its "world-class" workers.

The US president accused companies of getting "greedy" and moving production overseas in search of cheaper labor earlier but insisted that started changing under his leadership. He added the US is now "shipping products overseas instead of shipping jobs overseas."

Baha Breaking News (BBN) / NP