华尔街日报：供应链“武器化”时代已经到来

Group 1 - The core focus of the recent US-China negotiations is on export controls, particularly in the context of the ongoing trade war, highlighting the shift from traditional trade issues to supply chain restrictions [2] - The competition between the US and China is increasingly about who controls the levers of global economic power, with significant implications for businesses and investors [2][3] - Analysts suggest that the use of export controls may lead to trade negotiations resembling Cold War-era arms control dialogues, indicating a new economic landscape [2][3] Group 2 - China holds a dominant position in many critical industries, accounting for approximately one-third of global manufacturing output, which gives it potential leverage in key supply chains [3] - The US maintains a strong influence in advanced technology sectors and has utilized its economic power to impose sanctions on countries like Iran and Russia [4] - The Biden administration has tightened export controls on high-end semiconductors to China, aiming to thwart China's ambitions to become the leading global technology power [4] Group 3 - The COVID-19 pandemic has exposed vulnerabilities in global supply chains, prompting companies to enhance their supply chain resilience, yet China's control over critical supply chains remains largely unchallenged [5] - Companies are increasingly required to bifurcate their supply chains in response to trade tensions, treating the US and China as separate markets [6] - The recent trade truce included an agreement for China to expedite approvals for magnet exports, but the six-month limit on export licenses indicates potential future restrictions [6]