It Started with a Mini Tire/Poultry Trade War

The next China is… [Read Online]( [Global Macro Update] [Global Macro Update] It Started with a Mini Tire/Poultry Trade War By Ed D'Agostino | September 22, 2023 [Ed D'Agostino] Global trade patterns are shifting. A few short years ago, the US was content to rely on Chinese manufacturing because China built good products on the cheap. Then COVID-era supply chain breakdowns highlighted the folly of depending on our prime adversary. Now US companies—with deep-pocket support from the US government—are building more resilient supply chains by reshoring, nearshoring, and friendshoring production. Some call this deglobalization. If you caught my recent interview with [Louis Gave](, you know he calls it “de-Sinicization,” or a move away from China. My guest today on Global Macro Update, Jacob Shapiro, says all these labels miss the nuance of how trade patterns are changing. Jacob is the Director of Geopolitical Analysis at Cognitive Investments. He also co-founded Geopolitical Futures with legendary geopolitical strategist (and longtime friend of Mauldin Economics) George Friedman. In our interview, Jacob breaks down why the last 30 years of globalization were an aberration and how it started to unwind with President Obama’s mini tire/poultry trade war. Jacob also shares which country will become “the next China” and what these new trade patterns mean for US consumers. You will also hear: - Why Russia is meddling in Africa - What Taiwan wants more than anything - Why Jacob is bullish on Mexico—with a few caveats - Why Japan is building two completely separate supply chains - The roles India, Brazil, and Turkey will play in the new global market You can watch my full interview with Jacob Shapiro on YouTube by clicking the image below. A full transcript of our conversation is available [here](. Thank you for joining me this week at Global Macro Update. Please consider subscribing to our YouTube channel. It helps us attract new viewers. You can send me your comments on X (formerly Twitter) [@EdDAgostino](. Best regards, [Ed D'Agostino] [Ed D'Agostino] Ed D'Agostino Publisher & COO Mauldin Economics Don't let friends miss this timely insight— share it with your network now. Share Your Thoughts on This Article [Post a Comment]( Did someone forward this letter to you? [Click here to get]( Global Macro Update in your inbox every Friday. [Read important disclosures here.]( YOUR USE OF THESE MATERIALS IS SUBJECT TO THE TERMS OF THESE DISCLOSURES. --------------------------------------------------------------- This email was sent as part of your subscription to Global Macro Update. [To update your email preferences click here.]( Mauldin Economics | 1417 Sadler Road, PMB 415 | Fernandina Beach, FL 32034 Copyright © 2023 Mauldin Economics. All Rights Reserved.