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China ramping up use of export controls

The raft of export restrictions introduced earlier this month are the latest escalation in China’s shift to a more assertive export control regime. The use of such non-tariff measures is likely to intensify over the coming years, if as we anticipate, economic relations with the US worsen under a second Trump administration. For now, the focus will remain on a few key industries like batteries and minerals. But as China continues to grow its technological capabilities, it will have more tools for retaliation.

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