Part 8/8:
In summary, the uncertainty stemming from the upcoming US elections could significantly influence economic policies, tariff strategies, and international relations, particularly with China. The historical lack of a well-structured industrial policy complicates matters further, leaving both practitioners and the public guessing about future developments.
While local industrial capacity is slowly being built, strategic geopolitical dynamics — particularly concerning semiconductor production and potential conflict over Taiwan — play a critical role in shaping the landscape ahead. The interplay between these elements will determine the future trajectory of US economic policies and its relations with critical global partners.