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Nations Aim to Secure Supply Chains by Turning Offshoring Into ‘Friend-Shoring’

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wsj.com

WASHINGTON—As war and the pandemic expose the fragility of supply chains, the U.S. and its allies are pursuing a new kind of global trade, one that confines commerce to a circle of trusted nations.

Fans call the shift “friend-shoring.”The new strategy is a departure from economic globalization of recent decades, when businesses bought and made products where costs were low and free-trade policies made moving goods around the world cheaper and faster.

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