The U.S. and China are in a fierce competition over who dominates the global economy. While Washington has rightly zeroed in on the need for supply chain independence, China's unfair trade practices, and intellectual property theft, hawkish voices have blurred the lines between economic and security concerns, and the Biden administration's economic "fixes" have tended to be to impose exclusionary measures that end up pushing Beijing even further into a defensive crouch.
In this video, the Quincy Institute's Jake Werner talks about how this is putting the two powerful nations into an escalatory spiral.
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