🎙️ LIVE NOW: US-China tensions are reshaping global trade. Where does that leave Asia as AI transforms supply chains and economic strategy?Join Bloomberg’s @MyStephanomics, @katrinanicholas, @RosMathieson and @RamseyAlRi for a Live Q&A #NewEconomyForum ⤵️ https://t.co/y2eliWolqM ...

Geopolitical Impact - US-China tensions are reshaping global trade [1] Technological Transformation - AI transforms supply chains and economic strategy [1] Regional Focus - Asia's position is affected as AI transforms supply chains and economic strategy [1]

The changes to global trade and supply chains driven by factors including technology and geopolitical risks are likely to persist over the long term, according to FedEx CEO Raj Subramaniam https://t.co/yXfgbBvaQN ...

LIVE: FedEx CEO Raj Subramaniam and ABB Chair Peter Voser speak at the Bloomberg New Economy Forum on making supply chains shock-proof.Follow the latest, news and updates here: https://t.co/X37fBBfZBp https://t.co/oNflmO2kuO ...

Former Secretary of Commerce Raimondo says the US has “learned a lesson” that it “has to have more resilient supply chains,” and it has to make some amount of products in the country.Follow our live blog for the latest from the #BloombergNewEconomy Forum https://t.co/qTz87ZdTks ...

Strategic Focus - The US needs to lead in AI, quantum computing, and biotechnology to outcompete China and ensure American security [3] - Securing supply chains and increasing domestic production of medicines are crucial, especially in biotechnology [4][10] - China has increased its investment in biotech by 400 times (40,000%) in the past ten years, highlighting the urgency for the US to enhance its capabilities [4] Competition and Innovation - Winning against China requires out-innovating and accelerating technological advancements, rather than solely relying on holding China back [7] - The US should leverage its strengths, including deep capital markets, innovation, risk-taking culture, and universities [7] - Denying China the most sophisticated technology is necessary for national security, but innovation is key to long-term success [6] Supply Chain and Critical Minerals - The US is dangerously dependent on China for critical minerals like copper, lithium, and rare earths [9] - A holistic strategy is needed for mining, processing, and manufacturing critical minerals, potentially involving allies [9] - The US relies heavily on China for medicines and contract manufacturing, necessitating increased domestic production and reliance on allies like Korea and Europe [10][11] Policy and Tools - Targeted tariffs can be a useful tool, but blanket tariffs may simply raise prices for consumers [12] - The US government has a variety of tools beyond tariffs, including DoD procurement and stockpiles [13] - Incentivizing private sector investments, similar to the CHIPS Act, is important [13]

Trump’s tariff war is forcing one US toy company to rebuild supply chains from the ground up in Vietnam. The Big Take Asia podcast follows the company’s journey to quit China, and the struggles they face along the way https://t.co/XefPuK1QEc https://t.co/oPQ8iMQtoO ...

National Security & Supply Chains - The Pentagon is adopting a tool more familiar to Wall Street than Washington to bolster supply chains [1] - The tool involves seeking equity holdings in producers of critical minerals [1] - This is deemed essential to national security [1]

Economic Strategy - China's power lies in its export capabilities, not import volume [1] - Xi Jinping's economic strategy involves leveraging supply chains as a form of economic leverage [1] Industry Impact - China's actions are impacting and potentially squeezing foreign industries reliant on its supply chains [1]

Geopolitics and Economics - China aims to indigenize supply chains to reduce reliance on adversaries for critical inputs [1] - Increased use of China's economic power may weaken its overall position [1]