Countries Embrace ‘Friend-Shoring’ to Secure Supply Chains
A.M. Edition for May 16. As war and the pandemic expose the fragility of supply chains, the U.S. and its allies are pursuing a new kind of global trade, one that confines commerce to a circle of trusted nations. Fans call the shift “friend-shoring.” WSJ trade and international economy reporter Yuka Hayashi says it is an effort to try to work with friendly countries to increase production of critical goods, reducing reliance on countries such as China and Russia. Luke Vargas hosts.
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