U.S. President Joe Biden arrived in South Korea yesterday, where he will spend the weekend meeting with the country’s new president, Yoon Suk Yeo, and visiting U.S troops based there. Biden then heads to Japan on Sunday for a three-day stop that will culminate in the second in-person leaders’ summit of the Quadrilateral Security Dialogue, or Quad, comprising the U.S., Japan, Australia and India. As a candidate, Biden had expressed his intention of shoring up ties with U.S. allies in Europe and Asia, which suffered during Donald Trump’s presidency, should he be elected. Upon taking office, he followed through almost [...]
President Joe Biden has finally learned the lesson that each of his 11 predecessors had to grudgingly accept when it comes to Cuba: Some U.S. interests can only be advanced by engaging with Havana. After a policy review that lasted 15 months, during which former President Donald Trump’s draconian economic sanctions remained in place, the State Department recently announced it will relax the measures that have had the greatest direct impact on the Cuban people. The change comes at a moment when irregular migration from Cuba is aggravating the crisis on the U.S. southern border and Latin American heads of [...]
Semiconductors, the tiny chips that power everything from Apple iPhones to F-35 fighter jets, are a true product of globalization. Their technological sophistication is matched only by the logistical complexity of their supply chains, which stretch across the planet. It should be no surprise, then, that these chips are feeling the impact of accelerating deglobalization. Over the past several years, manufacturers of everything from shoes to home appliances have moved to reshore production, encouraged by protectionist governments erecting trade barriers to protect domestic economies from geopolitical forces. Gradually, the “just-in-time” supply chains of the globalized world, which outsourced aspects of [...]
