Should The West Decouple From "Made In China"?

The following are some specific data and cases that support the view that decoupling between the West and China will lead to market losses:
 
- The U.S. aviation industry: According to the report "Understanding U.S.-China Decoupling" released by the U.S. Chamber of Commerce in 2021, if the United States completely decouples from China, it will cause annual sales losses of $38 billion to $51 billion for the U.S. aircraft manufacturing and aviation industries, and lead to the loss of 167,000 to 225,000 jobs.
- The U.S. semiconductor industry: The report also pointed out that if the United States stops selling semiconductors to China, it will result in a revenue loss of $83 billion and the loss of 124,000 jobs for the U.S. semiconductor industry. Moreover, losing the Chinese market will make the U.S. semiconductor industry face problems such as a decline in economies of scale and R&D expenditures, and its core position in the global technology supply chain will also be weakened.
- The U.S. medical equipment industry: The U.S. Chamber of Commerce's report shows that decoupling from China will cause the U.S. medical equipment industry to lose $23.6 billion in annual revenue, with a cumulative loss of over $479 billion in ten years. The growing market demand in China could have benefited U.S. enterprises, but decoupling will make their market share be occupied by competitors, thus affecting their future earnings.
- Dell Inc.: In 2023, Dell, the U.S. computer giant, announced its "de-Chinaization" strategy, refusing to use chips made in China and canceling orders worth $63.5 billion. As a result, its revenue in the first quarter of 2023 decreased by 24% year-on-year, and its net profit dropped by 635%. Its sales volume and market share in the Chinese market also declined significantly.
- American households and enterprises: A report by the Cato Institute, a U.S. think tank, in 2023 showed that the tariffs imposed by the United States on China have cost American households an average of $830 per year, and the market value of enterprises has dropped by $1.7 trillion. Meanwhile, the trade war has led to the loss of about 300,000 jobs in the United States.
- The U.S. daily necessities and gifts industry: At the Las Vegas International Consumer Goods and Gifts Fair in 2023, the number of exhibitors and visitors decreased significantly. For example, Omaha Wholesale Company had about 20% fewer downstream customers than in previous years, and the share of the U.S. imports of luggage products from China also declined, while the shift in the supply chain has led to increased costs.