Congress should ratify the proposed USMCA and in particular support its provision requiring 10 years of data protection for biologic drugs. The result will be a more competitive U.S. biopharmaceutical industry, more high-paying American jobs and more incentives to produce new cures.
March 16, 2018
Raising the cost of ICT products by levying tariffs on ICT imports from China would reduce growth in U.S. ICT investments, which would lower productivity growth, and thus economic growth.
March 2, 2018
The problem is not that Trump imposed tariffs; it is that he appears to have be motivated purely by a protectionist instinct, not because he recognized a legitimate need to aggressively confront foreign mercantilism, particularly on the part of the world’s worst offender, China.
February 27, 2018
The innovation mercantilist policies which lie at the heart of China’s model of state-led capitalism have been the central force driving this overcapacity across an ever-growing number of industries.
February 19, 2018
Perhaps it’s the natural human aversion to bad news—sometimes known as the “ostrich effect”—but few opinion leaders on U.S. economic policy appear willing to take a cold, hard look at the state of U.S. manufacturing. If they did, they wouldn’t be happy.
January 31, 2018
As Nigel Cory writes for Brink magazine, the global rise of data localism is affecting the free flow of data at the heart of today’s digital economy. Unless the United States and others set new digital trade rules to keep data flows open, this trend toward data localism will yield a balkanized Internet.
January 22, 2018
Brazil, China, Indonesia, Russia, and Vietnam fielded some of the year’s worst innovation mercantilist policies. Their targets included Internet-based services, electric vehicles, biopharmaceuticals, computers and electronics.
January 12, 2018
Xiaomi wants to join a growing list of companies—including Alibaba, Baidu, Huawei, Lenovo, and ZTE—that are gaining market share, not just in China, but globally. They would enjoy considerably less success if not for the Chinese government’s campaign of innovation mercantilism.
December 18, 2017
The Ex-Im Bank’s role in supporting high-value-added U.S. exports is more important now than ever, especially as international export competition continues to grow unabated, with other countries hungry to export their products and services to international markets and willing to provide extremely generous financial assistance to facilitate those transactions when necessary.
December 7, 2017
The EU’s General Data Protection Regulation (GDPR) ostensibly outlaws barriers to the flow of personal data between EU countries, and in September 2017, the European Commission published a draft regulation for a similar rule on non-personal data transfers. Yet a plethora of questions remain. How should policymakers address the remaining obstacles to data flows outside the union?
December 1, 2017
Join ITIF for two expert panels on the intersection of technology and the future of U.S. manufacturing.