The Communist State of the USA Weopnising International Trade (ODT)
It’s a process that has prompted fears from business that as Trump’s trade war grows into a broader technology-driven conflict with China, the US could end up damaging its own economic future.
That fits with the Trump administration’s mantra that economic security is national security. So far the administration has used that to justify tariffs on steel and aluminium and to threaten more import duties on cars and parts from the EU and Japan.
“It’s always tricky to get export controls right. Too lax and critical technologies end up in the hands of our adversaries. Too strict and we limit our high tech companies’ ability to grow and further innovate, and we encourage others to develop their own capabilities in critical sectors,” he said.