Following the weekend's IPEF Supply Chain Agreement announcement, we published a new report focused on #semiconductors and supply chain resiliency. We identify IPEF as the best vehicle for enacting the friendshoring agenda and provide 8 recommendations.
csis.org/analysis/secur… 1⃣ Establish trusted trading partner standards for future cooperation.

IPEF’s diverse membership makes it challenging to develop trusted partner models for chips cooperation, but laying the foundation for greater export control coordination is a key step.

The G7 Communiqué is out. It covers a range of topics: trade, climate change, science and technology, artificial intelligence, anti-corruption, and so much more. This short thread 🧵 focuses mostly on the trade/tech/econ security themes.
whitehouse.gov/briefing-room/… On artificial intelligence, the G7 recognizes the possible benefits but clear drawbacks of #generative AI. They will thus establish the *Hiroshima AI process,* a G7 working group, in cooperation with the OECD and GPAI, for discussions on generative AI later this year.

A couple of reactions to the Jake Sullivan speech in a quick thread. There is not a lot of *news* in this speech, but it nevertheless underscores a pretty profound shift in the U.S. approach towards capitalism, which it thinks should fundamentally change.
brookings.edu/events/the-bid… As Sullivan describes it, we're moving away from the clear "Parthenon" structure of the post-WWII global economy and towards something that looks very different, more in the style of Frank Gehry. (Queue the global trade architecture jokes.)

Heading into the third ministerial meeting of the TTC, is the United States really leveraging trade and industrial policy to "hoover up" EU industry? A 🧵 The US passed the Inflation Reduction Act in Aug 2022, providing $368 billion in climate change funding. The size of this package, heralded as the largest single climate in spend in history, is indeed historic. But it has also invited pushback from allies (ROK, EU, others).