American companies are taking big steps to bring their operations back from overseas, with mentions of the terms “onshoring, reshoring or nearshoring” up over 1,000% in company earnings releases from 2019 levels. The backdrop of all this, of course, is the rising tensions with China. The pandemic — not to mention the tariffs of the late 2010s, remember those? — have done plenty to rattle that relationship, and we’re seeing the consequences today.
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