Analysis of Global Trade War Strategies and Supply Chain Vulnerabilities (legrandcontinent.eu)

• The multilateral trading system's rules have collapsed, requiring new strategies.
• China controls 90% of global rare earth and permanent magnet production.
• Europe must align with Asian allies to counter Chinese supply chain dominance.

"This interview with Chad P. Bown and Soumaya Keynes examines the state of global trade wars, tracing both the Trump-era tariffs and pre-existing systemic fragilities. The authors argue that China's state-led model and its goal of asymmetric interdependence pose fundamental challenges. They outline four policy tools: stockpiling, subsidies, tariffs, and export restrictions. Europe, though slow to adopt a security mindset, must act to reduce overreliance on China for critical goods like rare earths and semiconductors."