The US-China trade war seems to have subsided – but the sense of calm is misleading

Both nations are focusing on securing their economic and technological dominance, leading to a new form of economic war. The US is investing in domestic rare earth mining and tightening tech export controls, while China is restricting exports of critical minerals and high-tech products. The situation remains tense, with the potential for a full-scale economic conflict, as seen in historical precedents where trade restrictions have escalated into broader conflicts.