Trade

China accounted for 35 percent of global manufacturing as of 2023. The United States and Western allies should launch a global competition to establish competing manufacturing hubs in countries that commit to reforming restrictive regulations, reducing corruption, boosting skill development, and ensuring adequate financial incentives and infrastructure.

The European Union needs to pay a short-term price for long-term gain by standing alongside the United States in taking tough action to hold China accountable for its IP theft, dumping, and over-subsidizing.

The United States and Japan must make a concerted effort to mutually advance their economic security and counter Chinese economic coercion, while bringing other allied nations aboard the enterprise to the greatest extent possible.

China’s long-standing and rampant “innovation mercantilist” policies harm global innovation by taking market share and revenues from more-innovative foreign competitors, which diminishes the resources they can invest in research and development toward further innovation. ITIF has conducted extensive analysis on this issue.

The use of cloud computing by firms has been proven to increase productivity and innovation and to lower costs.

Global trade relies heavily on trust, and the Internet amplifies trust challenges due to distance, anonymity, and the vast scale of interactions. To address these challenges, APEC economies should focus on developing socio-technical solutions, like digital IDs and content provenance tools, to improve trust in the digital environment and ensure the safety and security of the digital economy.

The Biden administration's push for new international quantum technology standards is premature, disruptive, and marks an unprecedented shift from private sector-led efforts to government intervention, raising concerns about U.S. policy and coordination with the private sector.

Though greenfield investments did not live up to expectations last year, business deals spurred by the CHIPS Act and the IRA give reason to believe we will soon see large increases in investments in semiconductors, clean energy, and related industries.

U.S. policymakers are targeting RISC-V, an open-source semiconductor architecture, over concerns about China's influence. Restricting U.S. firms from participating could undermine domestic innovation and competitiveness while benefiting China.

Canada should drop its Digital Services Tax, which will harm Canadian businesses, startups, and consumers and surely lead to a retaliatory response by the U.S. government.