The arms race was a defining element of the Cold War between the U.S., its allies and the Soviet Union. President Trump’s recent proposal for $60 billion in unilateral actions against China presages a pitched 21st-century battle over technological supremacy, with fateful consequences for the world order.
The Trump administration rightly sees that China’s aggressive efforts for economic domination hurt the competitiveness of U.S. industries — and that of our allies. But its unilateralist response is unlikely to change China’s approach and could damage U.S. interests. A more comprehensive, coordinated and strategic U.S. approach is necessary...
Co-authored by Stuart Eizenstat and Anne Pence
from The Hill
Ambassador Eizenstat served as U.S. Ambassador to the European Union from 1993 to 1996. He has held a number of key senior positions over the course of three U.S. administrations including chief White House domestic policy adviser to President Jimmy Carter, Under Secretary of Commerce for International Trade, Under Secretary of State for Economic, Business and Agricultural Affairs, and Deputy Secretary of the Treasury in the Clinton Administration.