Impact of U.S.-China Trade Controls on Compliance Programmes

In Risk & Compliance magazine, Antonia Tzinova was asked about how she would characterize recent trade relations between the U.S. and China and about the key factors driving the trade policies of the two countries. She states that persisting U.S.-China trade tensions stem from China's control of key mineral and technology supplies with military uses, prompting reshoring and nearshoring efforts to reduce reliance and protect sensitive industries. This raises economic and security risks from potential breaks in critical supply chains.

"With China's ambitions in the South China Sea, the U.S. and its allies have reason to be concerned about an eventual break in the supply of both rare earths and microchips, which will affect every industry from car and phone making to sensitive military technologies," she stated.

READ: Impact of US-China Trade Controls on Compliance Programmes (subscription required)