America’s Second Sputnik Moment?
The escalating trade war between the United States and China is rooted in a race for technological supremacy. But rather than using punitive tools to maintain its advantage, the US should consider China’s "Made in China 2025" initiative as reason to reinvest in its own science base.
CAMBRIDGE – The burgeoning trade war between the United States and China has as much to do with technology as with the balance of trade. Reports have surfaced that the US Treasury Department is drafting rules to block Chinese firms from investing in American companies doing business in so-called industrially significant technology, while the Commerce Department is planning new export controls to keep such technologies out of Chinese hands.