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
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 vectors of supply chain vulnerability.
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