Is There a Reversal of Inflation?

Over the past 40 years, one of the biggest trends was actually a globalization of trade and movement of goods and people. We had NAFTA, we had China entering the WTO, that was really big. And now there is basically, we've been seeing increasing frictions right between the US and China - which is the global factory. So if globalization was part of the disinflationary trend of the past 30 years, then de-globalization should see that be the opposite, which is inflationary.