Loading ...Comment: Because it had to happen, the trend went too far. Increasing China wealth, and decreasing USA’s wealth. It had to happen, and the reversal started with 9/11/01 which led to the 2008 financial crisis and a total reversal of the past. I myself knew during 9/11 it was the end of the NWO trends that started in 1913. “Decoupling” is the opposite of copulating, of the people of the USA and the US Gov’t itself all getting screwed by big international businesses that got their way with our dumb as a stump elected officials. Also after 2008 they can’t get away with it anymore. Of course an unfolding reversal or transition will hurt like breaking a bad drug habit. After the withdrawals we all get better.
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But confidence in globalization started to subside with the shock of the 2008 financial crisis and the ascension in 2012 of Xi, who pushed to assert China as a top global power. Then Donald Trump rode his “Make America Great Again” slogan to the White House in 2017. He accused Beijing of unfair economic policies and launched a trade war, seeking to rebalance the US trade deficit with China with tariffs on Chinese products.
Trump’s successor, Joe Biden, has maintained a hard line on Beijing. He’s ordered up new rules to limit US investments in some Chinese semiconductor, quantum computing and artificial intelligence firms. Biden’s White House, echoing the language of the European Union, has taken to calling its strategy “derisking,” rather than decoupling, a distinction that hasn’t eased concern in Beijing. US Treasury Secretary Janet Yellen in April warned “a full separation of our economies would be disastrous for both countries.”
The short answer: those on which tariffs and export controls are imposed. The Trump administration’s tariffs on about two-thirds of imports from China are still in place, while Biden has targeted sales of advanced semiconductors and the tools to make them.