Decoupling the US economy from China sounds like a good idea to Americans who blame the Asian giant for the massive loss of US factory jobs during the past 20 years.
The trouble is that the US imports most of its capital goods, so it would have to import more capital goods for years—including from China—in order to reduce its dependence on China in the long term....
Caught between a rock and a hard place.
Psst. Systems awareness.
Asia TimesUS can’t decouple from China without China’s help
David P. Goldman
7 comments:
Caught between a rock and survival of the fittest domestic policy.
Dear MAGA diehards,
You're not getting your factory jobs back.
Not under Biden…
Not under any president... that ship has sailed.
It’ll happen it’s already started…
China is unreliable… it’s been shown via this pandemic,,, business will now work to prioritize security of their entire vertical supply chains…
“China is unreliable… it’s been shown via this pandemic,,, “
Well they continued to ship cheap stuff to the US during the pandemic. They could have stopped that. And your blame game would be more accurate.
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