America can’t compete with Chinese tech by walling itself off

A man visiting the SMIC booth at the China International Semiconductor Expo in Shanghai on Oct 14, 2020. PHOTO: REUTERS

(BLOOMBERG) - The election of Mr Joe Biden as US president will not end the US-China trade war. Mr Biden has already vowed to keep outgoing President Donald Trump's tariffs as leverage for negotiations. That signals the dawn of a permanent new era of economic competition between the two superpowers.

But beyond the flashy, headline-grabbing issue of tariffs and trade deals, there's another, more important economic struggle being waged - the battle to control technology industries.

Already a subscriber? 

Read the full story and more at $9.90/month

Get exclusive reports and insights with more than 500 subscriber-only articles every month

Unlock these benefits

  • All subscriber-only content on ST app and

  • Easy access any time via ST app on 1 mobile device

  • E-paper with 2-week archive so you won't miss out on content that matters to you

Join ST's Telegram channel and get the latest breaking news delivered to you.