That would probably be a different dynamic happening right now if the United States had continued to be the consumer of last resort for all Chinese goods. So whether there's a formal international system around it or not, There is a new order and it is really being keyed off of what America is doing now. At the same time, other countries have agency, China has agency. They've come out with a, with a raft of new regulations where they essentially are saying, if you are divesting from China or removing China from your supply chain, we can punish you. (20:59–21:12)
CLAIM
Asserts that a new global order is emerging based on America's current trade policies.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
