The Trump administration recently passed an exemption for 125% tariffs on certain Chinese goods, ostensibly to alleviate domestic inflation pressures, but in reality, it strengthens control over the global supply chain through additional conditions. This move aims to force allies to reduce their dependence on Chinese manufacturing, such as requiring countries like Vietnam and India to limit the proportion of 'Chinese components,' or face higher tariffs. This policy serves both the short-term interests of businesses and promotes the long-term competition for technological dominance.

Trump has signaled a 'willingness to reach an agreement,' but set a 90-day grace period, stating that if negotiations break down, tariffs may be reinstated. The U.S. may initiate a 'Section 232' investigation in the semiconductor sector, while high-end technologies like EUV lithography machines remain excluded from exemptions. The European Union, ASEAN, and others are taking a 'middle road,' with the EU imposing a 25% tariff on U.S. agricultural products, and ASEAN accelerating the transfer of industries.

Currently, the U.S.-China rivalry has transcended traditional trade wars, evolving into a comprehensive competition over technological standards, financial order, and development models. For the global market, regionalization of supply chains, rising costs, and policy uncertainty will become the new normal.