An opinion piece published by Fox News argues that corporate America's heavy reliance on Communist China for manufacturing and materials has become a serious national security vulnerability. The article highlights a recently filed petition with the Securities and Exchange Commission (SEC) that urges the regulator to require publicly traded companies to disclose to shareholders the material risks arising from deep supply chain dependence on China. The author contends that investors deserve a clear accounting of how exposed corporations have become, and that greater transparency is an important first step towards addressing the problem.

The article warns that a sudden break in US-China relations — through war, embargo or economic coercion — could cripple American defence, healthcare, technology and consumer sectors almost overnight, particularly given tensions over Taiwan. It cites figures showing China mines roughly 70% of the world's rare earth elements and processes more than 90% of them, materials essential to F-35 jets, submarines, missiles, semiconductors, electric vehicles and medical devices. It also notes that China supplies 60% to 70% or more of key active pharmaceutical ingredients and precursors for antibiotics and other drugs, with much of the remainder routed through India, which itself depends on Chinese inputs. The author argues that US firms chased low prices and, in doing so, handed Beijing valuable know-how, machinery and market share.