Trade

Please join ITIF in-person for an event releasing a report commissioned by the U.S.-India Initiative on Critical and Emerging Technology (iCET) to assess India’s readiness to assume an even greater role in global semiconductor value chains.

The USTR’s decision to no longer support provisions that protect cross-border data flows has far-reaching implications for the future of governing the internet and data that will reverberate beyond the WTO and IPEF. The absence of U.S. advocacy for data flows sends the message to other countries that they can enact restrictions that will discriminate against U.S. firms—which undermines the U.S. economy and leadership in governing digital technologies.

Exports account for a substantial share of advanced-technology industries’ sales, making them critical for funding the innovation and development of advanced firms’ next generations of products and services, which is key to U.S. growth and competitiveness.

There is a troubling chasm between trade policy and competition policy.

The Biden administration (and the EU) need to carefully protect the role that patents and SEPs play in their respective ability to innovate and compete with China.

Instead of enacting counterproductive tax grabs from U.S. digital firms, Canada and others should wait for the OECD to complete its Base Erosion Profits Shifting (BEPS) plan.

China has had a dismissive attitude about its obligations as a member of World Trade Organization ever since it joined the organization.

It’s finally clear to most in Washington that the United States faces a major competitor in China in defense, advanced technology industries, and other realms. There’s also a growing bipartisan consensus that the United States needs to limit China’s advancement. But that’s where the consensus breaks down.

Success in the increasingly fierce competition for tech leadership relies partly on how well each country’s respective firms and experts influence the development of technical standards. Companies in the United States and their experts are key players because they are skilled at using the open, voluntary, industry-led, and consensus-based rules of standards organizations to turn their innovations into accepted technical specifications.

America’s imports from China look large because China is so large. But proportionally, they’re less than those from the other Asian tigers. America’s large trade deficit stems primarily from its lack of high-value manufacturing exports, not just to China but to the world.