Why the U.S. Cannot Decouple From China Alone | Ep. 28

Mary E. Lovely, Anthony M. Solomon Senior Fellow at the Peterson Institute for International Economics, joins KEI for a deep dive into the U.S.-China trade and investment relationship at a moment of extraordinary geopolitical uncertainty. Lovely breaks down the state of play on tariffs and examines what the Donald Trump administration is aiming to achieve in its economic confrontation with Beijing. She explains how Chinese export controls on rare earth minerals may be squeezing U.S. allies such as South Korea, why American small businesses are bearing disproportionate costs from decoupling, and what the Joe Biden administration's "de-risking" and friendshoring strategies have tangibly delivered. The conversation highlights how the United States can leverage its advanced technology in future trade talks with China, the multifaceted nature of U.S.-China competition, and why globally coordinated action is needed to address Chinese overproduction. Lovely also makes the case for why South Korea should be front and center in any U.S. strategy to de-risk from China, assesses the sustainability of the $350 billion U.S.-Korea investment deal, and underscores why the U.S. government needs buy-in from allies and partners to achieve its economic security goals.

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