Supply chains aren’t a bad thing. As my AEI colleague Claude Barfield has written:

Critics have argued that U.S. multinationals are “abandoning” the home country and moving technology and jobs offshore through foreign operations and participation in global supply chains. Actually, the reverse is true: through increased firm-level competiveness enhanced by the key U.S. role in global supply chains, U.S productivity and living standards are higher today than they would have been otherwise.

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