The Importance of De-Risking Not Decopping From China

$500 billion of trade comes from China to the US every single year. We've been de-risking for a couple of years, making sure that we have second sources for critical componentry. But unlike Russia, where we pulled out two weeks after the invasion last year, we shut down our factories and cut off any contact with Russian customers. You can't do that with China. Too big, too important and too necessary to the US economy.

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