The pandemic will eventually subside. But ‘normal functioning’ of the economic relationship between the world’s two largest economies will be increasingly different to what it was before, according to a new report from USSC Non-Resident Senior Fellow, Dr John Lee. The three Ds – decoupling, disentangling and diversification – are the likely US playbook to handle the messy economic separation. But how does this occur after decades of US supply chains relying on “Made in China”? Which sectors will be the most disrupted? What are the implications for Australia?
To discuss these issues, the USSC hosted a webinar event featuring USSC Senior Fellow Dr Charles Edel in conversation with Dr John Lee, USSC Non-Resident Senior Fellow and the author of the recently published USSC report "US-China economic distancing in the era of great power rivalry and COVID-19".