#firstdealofthenewyearastylz The debate between globalization and deglobalization trends is complex and multifaceted. While some argue that the world is becoming less interconnected, others claim that globalization is still intact, albeit with some shifts. On one hand, the U.S.-China trade war and the COVID-19 pandemic have led to increased tariffs, sanctions, and supply chain disruptions, which may suggest a trend towards deglobalization ¹. However, a closer look at the data reveals that global economic integration is not unraveling as quickly as predicted. In fact, countries like Mexico, Vietnam, and India have benefited from the trade tensions, with significant gains in export shares to the United States ¹. This shift is largely driven by companies diversifying their supply chains and seeking alternative locations for production. *Key Trends:* - *Reshoring and Nearshoring*: The trend of reshoring, or bringing production back to the home country, is gaining momentum, particularly in the United States. - *Increased Focus on National Security*: Countries are becoming more cautious about relying on foreign suppliers for critical goods, such as pharmaceuticals and advanced technology products. Overall, while there are valid concerns about deglobalization, the data suggests that globalization is still intact, with some adjustments and shifts in response to changing global dynamics ¹.