Youngkin implies Chi­nese ‘threat’ encour­ages inter­na­tion­al invest­ments into US

Gov. Glenn Youngkin (R‑VA) wel­comed fur­ther invest­ments into the Unit­ed States as more inter­na­tion­al com­pa­nies are dri­ven by “the threat of Chi­na.”
Youngkin gave an inter­view to Bloomberg’s The Pulse on Fri­day to offer his pre­dic­tions on the eco­nom­ic effect of November’s elec­tion. Cur­rent­ly, incum­bent Pres­i­dent Joe Biden is up for reelec­tion against for­mer Pres­i­dent Don­ald Trump, who snagged the governor’s endorse­ment ear­li­er this year. Accord­ing to Youngkin, Vir­gini­ans have been left “strug­gling” under Biden’s first term as gro­cery store prices are up 25% and gas prices are up 50%.
“At the heart of this is the recog­ni­tion that the threat of Chi­na around the world is dri­ving par­tic­u­lar­ly Euro­pean busi­ness­es to under­stand that trust­ed rela­tion­ships — sup­ply chains in these most crit­i­cal indus­tries, like semi­con­duc­tors, like phar­ma­ceu­ti­cals, like elec­tric vehi …