Globalization's shape is shifting due to both conscious policy (U.S. reducing China exposure, Supply chains moving) and structural shifts (Chinese labor costs no longer competitive; Mexico now outpaces China in U.S. trade due to proximity and competitiveness).
causalpending
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Niall FergusonEvidence Quote
“it's shifting in response to a variety of things some of which are conscious like the US government is consciously trying to reduce its exposure to China... there are other things that would be happening anyway”
Created: 8/12/2026, 10:29:25 PM
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