Friendship takes time. So, too, does friendshoring. Speaking at the Atlantic Council a little over one year ago, US Secretary of the Treasury Janet Yellen announced a new approach to organizing the global supply chains that provide US consumers and companies with critical goods. Defining it as “friendshoring,” Yellen described an international economic policy intended to “achieve free but secure trade” by “favoring the friendshoring of supply chains to a large number of trusted countries.”
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