economy
February 26, 2026
The Illusion of ‘Standing up to China’
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TL;DR
- US policies aimed at countering China's trade abuses, like tariffs and sanctions, often expand domestic government intervention and burden taxpayers.
- Legislation like the CHIPS and Science Act, while intended to boost domestic manufacturing, does not guarantee success and increases government control over the economy.
- China's state-owned enterprises may have short-term advantages, but private American firms benefit from a freer business environment that drives innovation.
- The narrative of US reliance on China for critical goods like pharmaceuticals is misleading; US supply chains are diversified and resilient.
- Instead of restrictive policies, the US should focus on domestic reforms, relax regulations, and lead on international rules that reduce state-owned enterprises globally.
- Free trade fosters competition, which is a more effective way for the US to stand up to China and achieve prosperity, rather than adopting protectionist measures.
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