Nations Aim to Secure Supply Chains by Turning Offshoring Into ‘Friend-Shoring’
WASHINGTON—As war and the pandemic expose the fragility of supply chains, the U.S. and its allies are pursuing a new kind of global trade, one that confines commerce to a circle of trusted nations. Fans call the shift “friend-shoring.”The new strategy is a departure from economic globalization of recent decades, when businesses bought and made products where costs were low and free-trade policies made moving goods around the world cheaper and faster. Now, U.S. officials and their allies in Europe, Asia and the Pacific are…