Well, that’s one heck of a sobering view.

The US and China have been locked in a five-year trade war. Lawmakers in Washington have been touting the economic “decoupling” of the world’s two biggest economies, but that has not yet happened.

However, there’s one problem: even if firms relocate their manufacturing base to other countries, components are still sourced from China. The reality of achieving full decoupling appears more challenging and complex than once thought (and costlier).

https://www.zerohedge.com/geopolitical/morgan-stanley-shows-why-us-china-decouple-neither-possible-nor-desirable-one-stunning