Charting trade chokepoints: a how-to guide

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Charting trade chokepoints: a how-to guide
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Understanding what our supply chains really look like could help make friendshoring a reality

There’s been a lot of talk about “friendshoring” since Treasury secretary Janet Yellen first used the word in 2022. The concept is one of the key ways in which the Biden administration’s approach to trade and supply chain resiliency differs from that of Donald Trump. But it’s been difficult to get beyond talk, in part because the US hasn’t had a clear, granular picture of its own capacity in key industrial sectors — let alone that of its friends. That’s starting to change.

The commerce tool, which I tried last week, can quickly show a user that, for example, while IPEF nations as a whole may have a secure-seeming 33 per cent market share of a crucial electronics component, in fact the majority of that number comes from a single country that imports most of its inputs from China. Of course, there are limits to what can be seen in real time using broad categories of trade data, some of which haven’t been updated for decades.

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