As the world’s leading superpower, we face malign state actors that deliberately engage in non-economic—or even counter-economic—activities.
By “economic,” I mean commerce in which sales prices actually exceed costs of goods sold.
To stop China from gutting entire manufacturing verticals such as steel, aluminum, and pharmaceutical APIs, we must implement strategic price floors and off-take agreements in industries essential to our national security.
Public-private partnerships are the best way to mobilize America’s brightest minds and boldest innovators.
In other sectors—like advanced semiconductors—we must end the self-defeating practice of helping our adversaries modernize their militaries with our own technology.