It's also not really going to be driven by anything Biden does. At this point every company realizes that the moment China invades Taiwan, all their investments in China go *poof*.

Decoupling is now an existential imperative for multinationals. https://t.co/VhxG5PHykm

— Noah Smith 🐇🇺🇦 (@Noahpinion) May 17, 2023

If you’re a non-Chinese company that has anything going on in China and you’re not doing everything you can to diversify away from there, in a few years you’re gonna be completely fucked. China is going to invade Taiwan and you’ll lose everything.