This Is How Trump Will Smash the Machine of U.S. Economic Power

Economic security officials worked across administrations, gradually developing grand ambitions of a global order founded on financial sanctions, export controls and development of crucial technologies. Each new administration built up the economic weapons it inherited from the last and encouraged its successors to keep building the structures of American economic power. We are about to find out what happens when those structures are controlled by a disruptive administration — and what happens when that administration inherits the weapons without the accompanying sense of responsibility.

Read the full article in the New York Times.

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Essay

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Last October, the Biden administration unleashed one of its biggest countermeasures to date against China’s military ambitions: export controls on, among other things, cutting-edge semiconductors used for AI systems. The new rule restricts not just U.S. companies but any manufacturer that uses specified U.S. software or technology to build their products. As Kevin Wolf, who ...
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Essay

The Modern History of Economic Sanctions

Nicholas Mulder’s new book, “The Economic Weapon: The Rise of Sanctions as a Tool of Modern War,” remakes debates over European history between the two world wars. It rescues the League of Nations from the enormous condescension of posterity, arguing that the league was neither ridiculous nor doomed. However, it also demonstrates that the league’s ...
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