'De-risking' efforts and exercise in futility

Driven by strategic and economic considerations, in recent years, policymakers in Washington have been encouraging US and other Western multinationals to either "reshore" to the US or relocate their production and supply chains out of China to "friendlier shores".

Pushing ahead with a strategy of "de-risking", to reduce the dependence on Chinese products and supply chains and address purported threats to national security, is aimed at weakening China's position as a manufacturing powerhouse and thus thwarting its development.

As part of these efforts, apart from waging a trade war and continuously cracking down on Chinese high-tech firms, the Joe Biden administration has been working to strengthen the US' relations with India.