Biden’s Economic Security Blueprint Hands Trump a Loaded Gun
China won’t be the only target for the new U.S. administration.
National Security Advisor Jake Sullivan speaks during a press briefing held in the White House, October 1, 2024. Credit: The White House via Flickr
Over the past four years, the Biden administration has unlocked a formidable set of tools in the name of competing with China. These include extraterritorial export controls on cutting-edge technologies, financial sanctions against Chinese firms, and industrial policies designed to upgrade key industries. If these instruments had been used with strategic patience and in close coordination with allies, they might have achieved their aims. The problem is that, in January, they will be put in the h
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The Entity List has become one of America’s favorite weapons in its economic arsenal. The Trump administration just increased it by more than 20,000 companies, provoking ire from Beijing and putting it at the center of this month’s sudden and dramatic deterioration in Sino-U.S. relations.
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