It’s one in which considerations of national security, domestic politics and geopolitics no longer play second fiddle to traditional business interests in determining corporate and economic outcomes. Those business interests are now being actively sidelined…

Seems I was barking, so many years ago I still had hair, with color in it, that a country needs to be able to feed itself, finance itself, and fuel itself, or it surrenders it's sovereignty, to those it has become dependent on.

Any policy which moves away from this optimized state in order to increase national security, supply chain robustness, near-shoring or other factors mentioned in the article will be inflationary.

Loss of sovereignty has costs that are not quite as obvious as the price of a new TV, but just as real.

I noticed with satisfaction, that Toyota is moving production of a pickup model from Mexico, to the US, to avoid US tariffs. Probably the last straw was the US announcing it would not extend the USMCA under the existing terms, because no "JC" wants to build his business on shifting sands. Toyota's recent move follows similar moves, by several other companies, last year, to increase their US production footprint.

The US has laws about the importation of "connected cars" from China. GM has announced it's Chinese sourced Buick will be dropped, replaced by a new model, built in the US. Meanwhile, the CEO of Ford Motor is trying to get a waiver for the Lincoln he imports from China....there's always someone, isn't there?

Steve