Commentary
In an interview, Hamidreza Azizi discusses how Tehran has adapted in real time to the conflict with the United States and Israel.
Michael Young
{
"authors": [
"Yukon Huang",
"Jeremy Smith"
],
"type": "legacyinthemedia",
"centerAffiliationAll": "dc",
"centers": [
"Carnegie Endowment for International Peace"
],
"collections": [],
"englishNewsletterAll": "asia",
"nonEnglishNewsletterAll": "",
"primaryCenter": "Carnegie Endowment for International Peace",
"programAffiliation": "AP",
"programs": [
"Asia"
],
"projects": [],
"regions": [
"North America",
"United States",
"East Asia",
"China"
],
"topics": [
"Economy",
"Trade",
"Foreign Policy"
]
}
Source: Getty
In The Media
Why U.S.-China Supply Chain Decoupling Will Be More of a Whimper Than a Bang
For all the talk of sweeping change, U.S. dependence on Asian manufacturing is both deeply rooted and remarkably stable over time.
Published on Jun 29, 2020
Source: South China Morning Post
Whether by tariffs or by decree, US President Donald Trump has long sought the silver bullet that would decrease dependence on Chinese goods and revive American industry, all the while compelling China to reform its controversial trade and investment practices and reduce the bilateral deficit.
In a recent interview, Trump railed against “stupid supply chains that are all over the world”, further threatening to “cut off the whole relationship” with China and rejecting the notion that undoing the extensive links between the two largest economies comes with any trade-offs.
But to the extent that economic decoupling actually occurs, it would represent a major disruption of the market-driven evolution of supply chains over the past several decades. For all the talk of sweeping change, US dependence on Asian manufacturing is both deeply rooted and remarkably stable over time.
This article was originally published in the South China Morning Post.
About the Authors
Yukon Huang
Senior Fellow, Asia Program
Huang is a senior fellow in the Carnegie Asia Program where his research focuses on China’s economy and its regional and global impact.
Jeremy Smith
Former James C. Gaither Junior Fellow, Asia Program
Jeremy Smith was a James C. Gaither Junior Fellow with the Asia Program.
Carnegie does not take institutional positions on public policy issues; the views represented herein are those of the author(s) and do not necessarily reflect the views of Carnegie, its staff, or its trustees.
More Work from Malcolm H. Kerr Carnegie Middle East Center
- Iran Rewrites Its War Strategy
- Trump’s Plan for Gaza Is Not Irrelevant. It’s Worse.Commentary
The simple conclusion is that the scheme will bring neither peace nor prosperity, but will institutionalize devastation.
Nathan J. Brown
- What Does the Strait of Hormuz’s Closure Mean?Commentary
In an interview, Roger Diwan discusses where the global economy may be going in the third week of the U.S.-Israeli war with Iran.
Nur Arafeh
- Tehran’s Easy TargetsCommentary
In an interview, Andrew Leber discusses the impact the U.S. and Israeli war against Iran is having on Arab Gulf states.
Michael Young
- The Gulf Conflict and the South CaucasusCommentary
In an interview, Sergei Melkonian discusses Armenia’s and Azerbaijan’s careful balancing act among the United States, Israel, and Iran.
Armenak Tokmajyan
