August 30, 2023
As China Tensions Bubble, a New Economic Weapon of Choice Has Emerged
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
-
Who Will Make Money on AI?
Reports
Executive Summary The private sector is playing a leading role in advancing the frontier of artificial intelligence (AI). As a result, commercial incentives are likely to have...
By Geoffrey Gertz & Emily Kilcrease
-
USTR Hearing on Section 301 Investigations into Structural Excess Capacity
Congressional Testimony
On May 5, 2026 Emily Kilcrease, Senior Fellow and Director of the Energy, Economics, and Security Program at CNAS testified at the Office of the United States Trade Representa...
By Emily Kilcrease
-
The UAE Wants a Dollar Lifeline
Podcast
Rachel Ziemba joins The Indicator to discuss the relationship between the U.S. and the UAE in terms of investment. Listen to the full interview on The Indicator | Planet Money...
By Rachel Ziemba
-
President Trump Wants to Be Able to Sell the Iran War as a Win
Video
Rachel Ziemba, founder of Ziemba Insights and adjunct senior fellow at the Center for a New American Security, says that investors should look beyond the ending of the Iran wa...
By Rachel Ziemba
