Maybe, but maybe not:
In the current technology race between the United States and China, the United States has imposed export controls to deny China access to strategic technologies. We show that these measures resulted in widespread decoupling of the US and Chinese supply chains. Once their Chinese customers are subject to export controls, U.S. suppliers are more likely to terminate their relationships with Chinese customers, including those not covered by export controls. However, we find no evidence of relocation or relocation among friends. As a result of these disruptions, affected suppliers experienced negative and abnormal stock returns, wiping $130 billion in market capitalization, and experienced declines in bank lending, profitability and employment.
It is of the New York Fedby Matteo Crosignani, Lina Han, Marco Macchiavelli and André F. Silva. By HR.
