How will the U.S. ’friend-shoring’ policy influence trade relations?

U.S. Speaker of the House Nancy Pelosi has reportedly rescheduled her plan to visit China’s Taiwan Province soon, initiating a strong response from the Chinese government. Meanwhile, U.S. Treasury Secretary Janet Yellen in South Korea on Tuesday proposed a policy of “friend-shoring“ to stabilize supplies, which means limiting trade to only “friendly“ nations and networks. But what are the deeper implications of this “friend-shoring“ policy? How will it ultimately hurt trade relations? And how can the two countries de-escalate the recent rising tensions? For more: Subscribe to us on YouTube: Download our APP on Apple Store (iOS): Download our APP on Google Play (Android):