Source: Foundation for Economic Education
by Jake Scott
“When President Trump announced a new 100% tariff on Chinese imports, in retaliation for Beijing’s latest export controls on rare earth elements, markets saw only the headline risk. But the real story lies beyond the ticker: a structural reordering of global trade. The world’s supply chains, long anchored to the Chinese mainland, are splintering. Capital is scattering across Asia’s periphery, and shipping routes that once followed predictable trans-Pacific lines are being redrawn into a new web of uncertainty and opportunity. Alongside an eastward turn worth $100 billion in investment, the trends of the last 30 years of global financial flows are being upended.” (10/17/25)