Deglobalization

Deglobalization is the trend of countries pulling back from international trade and relying more on their own domestic production instead of buying goods from overseas. You'll hear economists and news outlets mention it when discussing trade wars, supply chain disruptions, or when governments push companies to manufacture locally rather than abroad. It matters to investors because it can reshape which companies thrive—domestic manufacturers might benefit while importers could struggle. For example, if a country decides to tax foreign electronics heavily to protect local tech makers, that policy shift could boost domestic companies but hurt retailers who depend on cheap imports.