It’s hard to see how this relates to a China-US relations

Walmart pledges to increase the share of goods sourced domestically. For a company with 12-month trailing revenues of $464 billion, a pledge to lift sourcing of US-made products by $50 billion over the next decade, is not huge. Yet even if this is a glorified press release, it shows a very large company responding to a change in the domestic political climate. The climate is turning against globalization, most certainly in the US, but also through many of the developed economies. With that change occurring, the economics link between China and the US will also weaken. Down the line, that will free up these countries to act more independently of each other. This could become a factor that enters into thinking about broader strategy.

 

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