Deglobalization

Deglobalization is the trend of countries and companies pulling back from international trade and supply chains, favoring local or domestic alternatives instead. You'll hear this term when discussing trade wars, tariffs, or supply chain disruptions—it matters because it affects which companies thrive and how prices change. When a government imposes tariffs (taxes on imports) or a company decides to manufacture closer to home rather than overseas, that's deglobalization in action. For example, if TechCorp moves smartphone production from Southeast Asia back to North America to reduce shipping costs and geopolitical risk, that's a deglobalization move. It can mean higher costs for consumers but potentially more stable jobs locally.