The use of economic tools in the pursuit of national-security interests has surged in the wake of growing geopolitical tensions, especially the rivalry between China and the US. The recent crisis in the Taiwan Strait has accelerated moves by Washington to curb Chinese access to advanced US technology and to invest in developing high-end semiconductor manufacturing in America. These moves, combined with continuing trade tensions between the two countries, illustrate that economic statecraft is very much alive, write Vinod K. Aggarwal and Andrew W. Reddie.
