RTX Head Greg Hayes Says US Can’t Decouple From China But Can “De-Risk.” Biden Gets It, But Some Big Companies Don’t. (From Forbes)

RTX Chairman & CEO Greg Hayes recently told the Financial Times that US companies can’t decouple from China–they rely too much on suppliers there–but they can reduce risks. The Biden administration seems to share that view. It has taken steps to reduce dependence on China for items like drugs and strategic minerals, but it isn’t inclined to sever relations. Some big American companies, though, seem slow in recognizing the sea change in relations currently under way. For instance, Microsoft continues to play a central role in Beijing’s AI efforts. I have written a commentary for Forbes here.