⚔ Geopolitics mixed · 1–3 years
A what‑if from the future

What if accelerated friend-shoring disrupts global manufacturing supply chains?

Accelerated 'friend-shoring' and de-risking out of China disrupts global manufacturing supply chains, raising costs in the near term while hitting Chinese export-sector employment and FDI.

13%
our model probability
over 1–3 years
prediction markets — wisdom of the crowd
loading live odds…
Empirically anchored 13% · 90% range 4–21% · 40 analogues · measured class trade_war 98% in 3 yr · 3% held back for the unknown
how we built this number — every step
Measured class rate — trade_war ≈1.3449/yr → 98% in 3 yr98%
Analyst prior · editorial share 12% of the class12%
Pooled · weight 87%13%
Crowd — no liquid market
Reserve 3% · no extremizing (×1.0)13%
Published13%

The class rate is measured from our dated, sourced event library (decade-normalized Poisson — the full table is public at base_rates.json). The variant’s share within its class is the analyst’s editorial call, published so you can audit it. A wider range means thinner precedent. Full recipe: methodology · scored at Reality Check.

The butterfly cascade

How this trigger trickles across markets, left → right — the root shock, its first‑order moves, then the ripple effects. Drag any node; tap a market for its real price history.

Resolution timeline — how this probability is moving

Our model's odds (gold) over time vs the crowd's (Polymarket, blue), from the past toward the 1–3 years horizon. Each dot is a real macro event that nudged the probability — green pushed it up, red pushed it down. Tap a dot for the source. The gold path is an illustrative reconstruction anchored to today's estimate — real dated events, not a live re-estimate history.

loading the timeline…

What it would mean

If this plays out, it is a mixed shock. Accelerated 'friend-shoring' and de-risking out of China disrupts global manufacturing supply chains, raising costs in the near term while hitting Chinese export-sector employment and FDI. The trigger decomposes into signed root‑shocks — China growth ▼ · Industrial demand ▼ · Inflation surprise ▲ · Trade tension ▲ — which propagate through our causal graph to the markets below.

If it happens — the markets it would move

Biggest moves first. Projected moves are cascade-model priors; hist A–B% = what comparable past events actually did (measured abnormal returns), and model prior · unmeasured marks markets with no analogue backing yet. Tap any market for its price history.

MarketClassProjected move
1Nasdaq 100 NDXon Hyperliquid 📈 chartIndex▼ -1.5%
hist -1.05–-0.48% · other way +1.25% (n=12)
2Semiconductors SMHon Hyperliquid 📈 chartEquity▼ -1.4%
hist -1.31–-0.3% · other way +1.17% (n=12)
3Alibaba BABAon Hyperliquid 📈 chartEquity▼ -1.3%
hist -2.41–+0.21% · other way -1.7% (n=9)
4Nvidia NVDAon Hyperliquid 📈 chartEquity▼ -1.2%
hist -1.95–+0.07% · other way +6.78% (n=12)
5Freeport (copper) FCX 📈 chartEquity▼ -1.1%
hist -3.8–+0.99% · other way +7.57% (n=12)
6TSMC TSMon Hyperliquid 📈 chartEquity▼ -1.1%
hist -1.52–+-0.0% · other way +2.93% (n=12)
7Tech sector XLK 📈 chartEquity▼ -1.0%
hist -0.66–-0.36% · other way +1.94% (n=12)
8Chinese yuan CNY 📈 chartFX▼ -0.9%
hist -0.85–-0.13% · other way -0.2% (n=11)
9Copper XCUon Hyperliquid 📈 chartCommodity▼ -0.8%
hist -1.86–+0.14% · other way -0.42% (n=12)
10AMD AMDon Hyperliquid 📈 chartEquity▼ -0.9%
hist -1.02–-0.08% · other way +5.2% (n=12)
11Broadcom AVGOon Hyperliquid 📈 chartEquity▼ -0.9%
hist -0.75–+0.12% · other way -1.23% (n=10)
12Micron MUon Hyperliquid 📈 chartEquity▼ -0.9%
hist -1.4–+0.09% · other way +6.1% (n=12)
13Marvell MRVLon Hyperliquid 📈 chartEquity▼ -0.9%
hist -0.86–-0.18% · other way +10.41% (n=12)
14ASML ASMLon Hyperliquid 📈 chartEquity▼ -0.8%
hist -2.07–+0.46% · other way -0.31% (n=12)

Probable recommendation

If the scenario above plays out, the probable cross‑asset positioning → a scenario‑conditional read, not personalized investment advice
For a common-man portfolio: Mixed for a typical portfolio — the move is more about rotation than direction. Favour the winners over the losers below rather than net exposure.
Also moves (not yet on Hyperliquid): Freeport (copper) -1.1% · Tech sector -1.0% · Chinese yuan -0.9% · Aussie dollar -0.5% · Turkish lira -0.3% · Indian rupee -0.2%

Historical precedent — what analogous events actually did

Across 40 analogous events (overlap‑weighted), as abnormal returns — market beta stripped, so it's the event's own effect, not the market backdrop. Shown at 20 days (persistent) and 5 days (immediate); ↺ fades = the two horizons disagree. Confidence = consistency × sample × significance.

China retaliates to Liberation Day: 34% tariffs + rare-earth controls 2025-04 Gold tops $3,000 for the first time amid tariff and rate-cut fears 2025-03 Chinese yuan breaks 7 per dollar; US names China manipulator 2019-08 Silver Thursday 1980-03 Gold peaks at $850 1980-01 1979 Iranian Revolution oil shock 1979-01 Record $19bn crypto liquidation cascade 2025-10 Gold tops $4,000 and silver spikes past $50 in historic squeeze 2025-10 US-China extend tariff truce by another 90 days 2025-08 Trump's 50% copper tariff sends Comex copper to a record 2025-07 US and China agree Geneva tariff truce, slashing rates 2025-05 ASML bookings-miss crash 2024-10 Gold tops $2,500 for the first time on Fed rate-cut bets 2024-08 India slashes gold import duty from 15% to 6% in 2024 budget 2024-07 Offshore yuan hits a record low 2022-11 August 2022 hot CPI 2022-09 Powell's hawkish 'pain' speech at Jackson Hole 2022-08 China fires ballistic missiles into Japan's EEZ during Taiwan drills 2022-08 Alibaba upsizes buyback to record $25 billion 2022-03 Kaisa Group offshore default 2021-12 Turkish lira record low on rate cuts 2021-11 Evergrande debt crisis - global selloff 2021-09 Didi removed from China app stores after NYSE IPO 2021-07 Bitcoin May 2021 crash 2021-05 Copper tops $10,000 a tonne for the first time since 2011 2021-04 Gold closes above $2,000/oz for the first time 2020-08 Apple cuts revenue guidance on China weakness 2019-01 US List 3 tariffs on $200B of Chinese goods finalized 2018-09 US Section 301 List 1 tariffs take effect on China 2018-07 China retaliates: $50B tariff list incl. soybeans 2018-04 US Section 232 steel & aluminum tariffs imposed 2018-03 February 2018 hot wage print triggers rate scare 2018-02 North Korea sixth nuclear test 2017-09 North Korea 'fire and fury' nuclear scare 2017-08 Mexican peso crash on Trump 2016 win 2016-11 China stock-market circuit-breaker fiasco 2016-01 August 24, 2015 ETF flash crash 2015-08 China's PBOC reveals 57% jump in gold reserves after six-year silence 2015-07 Shanghai A-share bubble peak / crash begins 2015-06 Gold futures velocity-logic flash crash 2014-01
AssetHistory saysAbnormal (20d · 5d)HitnConfidencevs cascade
INTC INTCSHORT-3.3% · 5d -1.9%70%38 0.33✓ matches cascade
KWEB KWEBSHORT-3.0% · 5d -2.1%68%37 0.31✓ matches cascade
XCU XCUSHORT-1.3% · 5d -1.2%69%37 0.29✓ matches cascade
XPT XPTSHORT-1.1% · 5d -0.5%68%37 0.28✓ matches cascade
ETH ETHSHORT-4.4% · 5d -6.2%66%29 0.26✓ matches cascade
QCOM QCOMSHORT-3.5% · 5d -2.8%68%37 0.25✓ matches cascade
Volatility VIXSHORT-0.2% · 5d +3.2% ↺ fades64%37 0.23·
BABA BABASHORT-1.6% · 5d -3.0%61%36 0.19✓ matches cascade
TRY TRYSHORT-1.8% · 5d -0.0%61%37 0.19✓ matches cascade
NVDA NVDASHORT-1.2% · 5d -3.1%62%37 0.18✓ matches cascade
CNY CNYSHORT-0.4% · 5d -0.1%58%37 0.16✓ matches cascade
TSM TSMSHORT-0.9% · 5d -2.2%58%37 0.13✓ matches cascade
Bitcoin BTCSHORT-3.6% · 5d -4.0%57%36 0.12✓ matches cascade
AMD AMDSHORT-0.5% · 5d -1.3%57%38 0.11✓ matches cascade

Methodology. Probability and impact are anchored to history and scored against what actually happens — wins and losses, in public, at Reality Check. Crowd odds live from Polymarket & Kalshi. By Vikas Singh, Quantitative Strategist. Updated 2026-07-03.