Part 2/10:
Historically, tariffs have had the most heated discussions related to U.S.-China relations. Both Biden and Trump have maintained similar policies concerning tariffs on China, with Biden even adding export controls rather than rolling back Trump's tariffs. This reflects a significant shift in the global economic landscape where the traditional interconnectedness of supply chains has begun to evolve towards a model of decoupling. Advocates argue that this shift provides a semblance of control and reduces vulnerability to foreign political interventions, particularly concerning critical technology supplies like semiconductors.