In the first of a new Heard on the Street series, nate_taplin argues that divorces are messy and expensive—and the unfolding U.S.-China breakup will be no different
Divorces can be messy and expensive: They entail financial sacrifices in exchange for independence and peace of mind. The unfolding U.S.-China breakup will be no different.
In the wake of the pandemic and Beijing’s aggressive moves in Hong Kong, voices in the West calling for economic decoupling from China have grown much louder. President Trump in May contemplated “cutting off the whole relationship” while politicians in France and Australia have expressed deep unease. The U.S. is considering a $25 billion “reshoring fund,”...
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