America's latest efforts to block China's technological and economic development are likely to do more harm than good. The peaceful economic relationship of the past 30 years may not have been perfect, but it was certainly better than what will come from zero-sum rivalry and mutual suspicion.
NEW HAVEN – Just days before the White House released the United States’ new National Security Strategy in October, President Joe Biden’s administration announced sweeping export restrictions aimed at stopping China from advancing technologically. “The world is changing,” the National Security Strategy observes – and the US is evidently responding by all but declaring economic war on China, using trade as its primary weapon.
NEW HAVEN – Just days before the White House released the United States’ new National Security Strategy in October, President Joe Biden’s administration announced sweeping export restrictions aimed at stopping China from advancing technologically. “The world is changing,” the National Security Strategy observes – and the US is evidently responding by all but declaring economic war on China, using trade as its primary weapon.