U.S. Supply Chains and Biden’s China Challenge

technologies, critical/essential goods, and goods One might consider using a similar metric for made from forced labor.7 evaluating the dependence of one nation on Selective decoupling, however, implies the manufacturing know-how of the rest of the acceptance of vulnerabilities in economic and world. [...] If the price of imported clothing suddenly rose, or if the REVEALED COMPARATIVE DEPENDENCE supply was disrupted, it would have a bigger Balassa (1965) developed a metric for evaluating relative impact on the United States than on the manufacturing know-how of a nation, the global economy as a whole. [...] In other on the revealed comparative dependence of the words, the rest of the world prefers to purchase United States on China by product. [...] The we are comparing the impact of imports of a lowest vulnerability occurs when a nation has particular product from China to the overall a comparative advantage but no comparative importance of that product on global trade dependence (northwest quadrant). [...] the expansion of domestic capabilities (his so- The Administration is reportedly working on called “promote” agenda) and a set of actions to a near real-time “common operating picture” slow the expansion of China’s capabilities (his of global supply chains for critical industries.