"Friendshoring’s Devil is in the Details" - by C&WP alum Manjari Chatterjee Miller

The Joe Biden administration is shaking up decades of consensus on global trade liberalization, and is charting a new path that seeks to redefine both the values and aims of U.S. trade policy. A major component of that rethink is its “friendshoring” strategy, first articulated by Secretary of the Treasury Janet Yellen, who declared last year that the United States would shift its supply chains away from rivals and to its partners. As she pointed out, the United States cannot allow some countries—notably China—to disrupt the global economy or exercise geopolitical leverage simply because they hold a predominant position in critical materials, technologies, or products. To counter this possibility, the administration would deepen economic integration only with countries it trusted. That is, the United States would friendshore.

Blog Post by Inu Manak and Manjari Chatterjee Miller October 25, 2023 1:07 pm (EST) - https://www.cfr.org/blog/friendshorings-devil-details

Manjari Chatterjee Miller is senior fellow for India, Pakistan, and South Asia at the Council on Foreign Relations (CFR). She is also a research associate in the Contemporary South Asian Studies Programme at the Oxford School of Global and Area Studies at the University of Oxford. An expert on India, China, South Asia, and rising powers, she is the author of Why Nations Rise: Narratives and the Path to Great Power (2021, shortlisted for the 2022 Hedley Bull Prize in International Relations) and Wronged by Empire: Post-Imperial Ideology and Foreign Policy in India and China (2013). Miller is also the co-editor of the Routledge Handbook of China-India Relations (2020), a monthly columnist for the Hindustan Times, and a frequent contributor to policy and media outlets in the United States and Asia.

Photo Credit: https://pixabay.com/users/mohamed_hassan-5229782/