U.S. Commerce Secretary Gina Raimondo’s trip to China this week underscores an important shift in how Washington is engaging with the world. After decades of U.S. policy aimed at ensuring open market access, “de-risking” the U.S. economy from China has become the animating principle of Congress and the White House. The U.S. government’s economic tools of coercion are evolving to effect this outcome, from a historic reliance on sanctions to a new economic weapon of choice: export controls.
The Russia export restrictions epitomize the highs and lows of this new regime.
The shift is not academic. Export controls were traditionally important mainly to providers of defense components that were deemed “dual use,” or valuable for both civilian and military applications. Now, export controls will impact a vast new set of companies. Businesses will need to overhaul their Washington engagement strategies to navigate this new dynamic.
Read the full article from Barron's.
More from CNAS
No Winners in This Game
Sanctioning China represents a challenge more complex than any other in the modern era of sanctions. The scale and interconnected nature of China’s economy means that the dama...
By Emily Kilcrease
Remapping Global Supply Chains
Rachel Ziemba makes her debut on the podcast to discuss what you missed at APEC while everyone was focused on Xi and Biden, prospects for growth in Venezuelan oil production, ...
By Rachel Ziemba
Hamas has been experimenting with crypto for years
Former CIA counterterrorism analyst Yaya Fanusie discusses Hamas's crypto haul amid the Israel war, arguing terrorists are 'creative folks.' Watching the full interview with ...
By Yaya J. Fanusie
Six steps to disrupt Hamas and other terrorist groups’ finances
The US government should use all available tools of national power to protect the United States and its allies, work toward the recovery of American and partner hostages, and ...
By Alex Zerden