(September 2020)
Over the last few years, President Trump has been leading a so-called “decoupling” with China, or a concerted effort to lessen the economic links between the US and China. This has involved many spats over trade tariffs etc, but this week the president is refocusing on the issue and reiterating that he intends to both lower the trade deficit and make the US less reliant on Beijing. If this move continues it could have profound effects on the economy. One sector that seems very likely to gain is robotics and automation. A central tenet of Trump’s push is to re-assert the US’ manufacturing prowess. As US firms bring production home, costs will become an issue because domestic manufacturing is more expensive. Therefore, they will likely turn to robotics companies to automate as much of the manufacturing process as possible.
(Washington)
FINSUM + Magnifi: The reshoring of production and supply chains seems likely, even if the decoupling isn’t as profound as advertised. Therefore, robotics and automation ETFs seem like a good bet.
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