
Surveillance: Job's Day Moderation
Bloomberg Surveillance
00:00
The Fallacy of Self-Sufficiency
I understand that there was some initial concern about the IRA in particular, but I'll tell you, we are in constant contact with our European colleagues. Let's talk about what's happening with supply chains. Adam Posten of the Peace and an Institute said the idea that making everything domestically built resiliency is quote, the fallacy of self-sufficiency. Nobody thinks we should be making everything that we need in America. It's a global economy. We want to continue to trade. The fact that we buy 90 plus percent of our leading-edge chips from Taiwan is also unsustainable and quite frankly, almost dangerous.
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