The title is misleading. Yes, decoupling is causing China to lose overseas market and will get worse going forward. That will stall China’s growth or even reverse its progress. The U.S.’ inflation, however, is NOT due to decoupling with China. The substitute imports from Vietnam, India, Mexico etc are replacing Made in China products everywhere and they are cheap too. The real causes were large subsidies the Biden administration was forced to hand out to the low income Americans during COVID. We all know COVID came from Wuhan, China. So one could argue that the U.S. inflation was due to it NOT decoupled from China early enough that it became a victim of China’s coronavirus outbreak.
