China Beige Book is right. The US has reduced its reliance on China for final assembly. That's it. Starting to make a real effort on critical minerals but not doing much on any of the other vector
What changed
1/2 https://t.co/UD3rhiQLaT — via @Brad_Setser
Why it matters
China Beige Book confirmed US reduced China assembly reliance, began critical minerals, but neglected other vulnerabilit
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Jun 17, 2026 03:21 PM ET