Not when you account for intermediate inputs. While end products might be made in Mexico or Japan, those will almost certainly rely in intermediate components manufactured in China:
Feel free to provide evidence to support your unsubstantiated claims. So far it looks like what’s actually happening US is actively becoming more dependent on China. https://www.globaltimes.cn/page/202403/1308390.shtml
US industrial output is currently shrinking, the decoupling is just talk with no substance to it
Right because (as I understand it) the decoupling is shifting to nearshore/friendshore operations like Mexico and Japan.
Not when you account for intermediate inputs. While end products might be made in Mexico or Japan, those will almost certainly rely in intermediate components manufactured in China:
https://edconway.substack.com/p/globalisation-is-a-far-far-bigger
Right and that chart only goes up to 2018 so I’d like to see a similar chart updated for post covid. Do you happen to know of one?
I don’t have a more up to date one, but I would bet money that nothing fundamentally changed in the past 5 years.
I mean a lot has fundamentally changed in the last 5 years… 🤷
Nothing has fundamentally changed in terms of supply chains in US that rely on China.
This is question begging.
Feel free to provide evidence to support your unsubstantiated claims. So far it looks like what’s actually happening US is actively becoming more dependent on China. https://www.globaltimes.cn/page/202403/1308390.shtml
No way, jack