National Competitiveness

What is the correct economic strategy for a nation?

The president-elect is right to reject the consensus opinion in Washington that trade deficits don’t matter. But tariffs won’t solve the problem. The better solution is to drive down the value of the dollar and drive up domestic production in advanced industries.

Reviving U.S. semiconductor manufacturing requires targeted solutions—not broad tariffs that raise costs and hinder global competitiveness.

Again and again, America has pioneered new technologies and then frittered away its leadership—in sectors ranging from semiconductors and solar panels, to televisions and medical devices. We can’t afford to squander another lead in multi-cancer early detection (MCED) because of regulatory roadblocks.

President-elect Trump believes the era of U.S.-led globalization has been harmful to America. One way he intends to change course is by imposing tariffs on nations that take advantage of U.S. goodwill and leadership. At greatest risk will be nations with low military budgets, high trade balances, policy barriers to reciprocal trade, and soft positions on China.

The UK stands at a critical moment when embracing digital transformation, AI, and data innovation is not just an opportunity but also a necessity. By implementing forward-thinking policies, the UK can not only drive economic growth but also position itself as a global leader in emerging technologies.

Immigrants, whom make up about 14 to 15 percent of the U.S. population, have an outsized role in entrepreneurship, starting over 20 percent of new businesses in America.

Watch now for expert panel discussion exploring how the United States can take advantage of opportunities to develop cleaner industries that are more globally competitive.

Calvin Coolidge was right when he said, “the chief business of the American people is business.” We need to reembrace that ethos by making sure our social contract rewards companies that bring new innovations to market, boost productivity, fight like hell for global market share, and sustain as many high-value jobs at home as is economically feasible.

The Trump administration could signal a turning point for the country and the federal government in many areas. For too long, Washington accepted things that were flawed and broken. The real question is whether this proposed department is about reform or reduction.