Vivek Ramaswamy calls for declaring economic independence from China

Indian-American Republican presidential aspirant Vivek Ramaswamy has called for declaring "economic independence" from China, for which he proposed a slew of measures including an expanded relationship with countries like India. In a major foreign policy speech in his home state Ohio on Thursday, Ramaswamy also underlined the need to move away from Chinese-controlled pharmaceutical supply chains and increase military spending.

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"What we are laying out here is a clear and pragmatic vision for how we will actually, finally at long last declare economic independence from China while actually advancing American prosperity at home," the 38-year-old biotech entrepreneur said.

"I will not sell you a fake vision of onshoring everything immediately. That's not going to happen if we are serious about decoupling from China. It will also require expanded relationships with India, Israel and Brazil,» said Ramaswamy, whose popularity has been on the rise since his impressive performance at the first Republican presidential primary debate last month.