‘I, Pencil’ Defined Free Trade — Trump’s Tariffs Are Writing the Sequel | 4/10/25

For decades, the global liberal economic order has operated on the assumption that nations could stretch supply chains across the world to maximize efficiency and profit — with little risk. A shocking share of goods essential to U.S. national security are produced almost entirely in China — including antibiotics and components used in American military hardware. The idea that a country would rely on semiconductors from its primary geopolitical rival to launch a missile defies basic strategic logic. Yet, that is exactly what the United States has done.
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