The Biden administration has built an unprecedented machine for economic and technological coercion. When Russia invaded Ukraine, the United States and its allies cut off Russia’s access to its own central bank reserves held outside Russia. The administration revamped export controls to strangle China’s access to the powerful and specialized semiconductors needed to train A.I., ...

Great powers such as the US and China are wielding supply chains as weapons in their grand disputes, while smaller states such as Japan and .. Access the full article here.