Technology is vital to a large and growing part of daily life, communications, the economy, and national defense. The US is and must remain the world’s preeminent technology leader. We must act to bring back to the US much of the technology manufacturing that has been offshored.
Semiconductors, software, wireless and wireline communications, video communications, renewable energy, and other modern technologies are essential to US security and the health of our economy. The US must support growth and innovation in our world-leading technology businesses. We must ensure continued US leadership. Our technology industry is under attack from foreign nations who engage in IP theft and cyberespionage on a daily basis. The US government must defend those companies. Foreign technology companies, especially from China, use massive government subsidies, protectionist policies, and other illegal means of furthering their own national champions, at great cost to American companies. We must counter those threats with industrial policies that ensure US research and development leads the world. We must rebuild our technology manufacturing capability. Many modern technology products are not manufactured in the US and we must address this situation with support for re-shoring technology production.
Is China a peer competitor in the space race? On some fronts, the answer is yes. In others, the concern is that China is moving up the value chain so quickly that its companies may soon out-price American firms across the developing world.
The National Institutes of Health (NIH) is today the main source of new drugs in this country – indeed the world, because America leads in the field. It has a critical importance to America’s health. Less well known is its huge, positive, economic impact.
As the United States looks to compete in these advanced industries, it’s important to remember the two building blocks that undergird them: Steel and aluminum.
Strong federal investment in the National Science Foundation and National Institutes of Health is vital for American innovation, economic growth, and national security.
CPA will be working closely with President-Elect Trump’s team to craft policies that will make a lasting impact on U.S. trade and industrial policy.
Proposals for new tariffs face a lot of criticism these days, from the media, from economists, and from foreign policy types. Part of the reason is that it’s Donald Trump making the proposals and many in those groups don’t like Trump. But the fact is that tariffs can work to build our economy. They have worked before and they have worked recently as well.
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