Trade

The EU over the last 7 years has cravenly ducked the industrial fight against China, attempting to expand its exports while America shoulders the costs. That cannot be allowed to continue as the new Trump administration ratchets up pressure against our common adversary.

China’s primary goal is to damage the U.S. economy and become the world’s pre-eminent power. America must respond by expanding its competitiveness in key technologies and industries ranging from AI to aerospace.

Policymakers should aim for a balanced approach to complying with the Uyghur Forced Labor Prevention Act (UFLPA)—ensuring that platforms are transparent about their supply chains, while also preventing bad actors from exploiting the system.

The Biden administration's proposed export controls would impose sweeping restrictions on chip exports, risking U.S. competitiveness while failing to effectively address national security concerns.

Section 337 was made into law to help address unfair foreign trade practices. It should be used vigorously to prevent the import of IP-infringing products from firms that systemically benefit from unfair government practices in non-market, non-rule-of-law economies such as China.

What is the correct economic strategy for a nation?

The president-elect is right to reject the consensus opinion in Washington that trade deficits don’t matter. But tariffs won’t solve the problem. The better solution is to drive down the value of the dollar and drive up domestic production in advanced industries.

There is a huge opportunity to change the technology narrative of recent years, making it less about fear, potential downsides and things to blame, and more about national development, competitiveness, and prosperity in an “America First” context.

Reviving U.S. semiconductor manufacturing requires targeted solutions—not broad tariffs that raise costs and hinder global competitiveness.

President-elect Trump believes the era of U.S.-led globalization has been harmful to America. One way he intends to change course is by imposing tariffs on nations that take advantage of U.S. goodwill and leadership. At greatest risk will be nations with low military budgets, high trade balances, policy barriers to reciprocal trade, and soft positions on China.