Rebalanced local production isn't necessarily a rejection of globalization. It is ridiculous to have a military, for example, depend upon supplies which may be

Rebalanced local production isn't necessarily a rejection of globalization. It is ridiculous to have a military, for example, depend upon supplies which may be cut off during conflict. It is also ridiculous to have your entire economy dependent upon foreign powers which seek to subvert and destabilize you. The US and most of the West undertook plans to "uplift" countries such as China in the 70s. The thought was that by opening up trade, prosperity would follow, a middle class would follow, an upper class, and democratic principles might follow. This had not entirely failed, but at the same time that experiment has been taken too far, especially during the current climate. Most specifically, China's refusal to sign on to a key, pivotal aspect of access to western markets, IP, eg copyright and patent law, means that their access to these markets is slowly being withdrawn. What we granted 50 years ago, open, mostly tariff free access to our markets is being taken away, removed as conditions for that access are not being respected. Only China is to blame for this. The rampant IP theft, the lack of respect for the collective market's rules, the flagrant and egregious espionage, have resulted in this fate. The West will still trade with anyone that follows such common market principles. The West is not closing down international trade. The West is instead ensuring that when we completely cut off China, and its lack of regard for our common market rules, that we are not harmed. Thinking this is all about a reduction in trade is wrong. None of this new, or a surprise to anyone paying attention to geopolitical issues during the last 50 years. When the markets opened, when tariffs were dropped, China was told the rules for that access. In the ensuing decades, attempts to negotiate and work with China over IP issues have seen zero progress. We offer access with open hands under specific terms. We happily wanted to engage in profitable business ventures. China, its leadership perhaps thinking it is clever and somehow tricking us, did not realize that the West is very open, forgiving, and willing to discuss a lot prior to hitting an impasse. We believe in democratic principles after all, and try to negotiate. But now that this next segment of the process has started, China has effectively shot itself in the foot. Like a noisy person repeatedly warned in a movie theater, it is being shown the door. Access to our market is being withdrawn for China. Expect this to hit the next level in perhaps 5 years, where all imports hit heavy tariffs... after we've ensured our stability in key areas. Gradual increases in Chinese import tariffs will ensure local businesses spring up, replacing what will become more expensive Chinese alternatives. It will be an economic boom for the West.