Why the US won’t chase the cheapest supply chains

Washington, DC : Economies across the world have been strained by the events of the last three years. The covid-19 pandemic claimed millions of lives and brought the world economy to a standstill. Russia's brutal war has taken a devastating toll on lives and infrastructure in Ukraine, generating seismic repercussions for oil and food prices at a time when the global economy was finding its footing. Looming above these crises has been climate change. Severe droughts and floods have disrupted agricultural capacity and exacerbated energy shortages around the world. These disruptions have resulted in severe shortages of key goods—from lumber…