In an environment where America perceives China as a potential adversary, diversification away from Chinese supply chains is a critical national security objective for the U.S.
Dimon noted that the U.S. must enhance its domestic capabilities in key industries such as semiconductors, rare earths, and pharmaceuticals to regain a competitive edge globally.
He emphasized that while tensions exist, they haven't reached a military confrontation level, but cautioned that economic policies must adapt to geopolitical realities.
The shift of companies like Apple to increase their production in India symbolizes a significant change in global supply chains, responding to both economic and political pressures.
#global-economy #geopolitics #supply-chain-diversification #us-china-relations #indias-economic-potential
[
Collection
]
[
|
...
]