US-China trade/tech war escalation and supply chain decoupling

Tariff and export control actions intensify: US advances bills targeting China's Russian energy purchases, suspends de minimis, and imposes forced-labor tariffs; China retaliates with anti-dumping duties, export controls on rare earths and drones, and detention of foreign executives. Ford and Chevrolet exit/reshore production from China, signaling corporate decoupling. Nvidia's China AI chip share collapses as Huawei scales; CXMT IPO surges. Pentagon blacklists elite Chinese universities.