Michael Schuman, Columnist

Trump Is Already Losing to China

The U.S. is ceding leadership in cutting-edge industries. Why?

Tired of winning?

Photographer: Johannes Eisele/AFP
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In the waning days of Barack Obama’s administration, one of the president’s advisory councils issued a report warning of China’s plans to snatch control of the critical semiconductor industry. Its recommendation: “Win the race by running faster.”

It is sound advice, but the new administration isn’t listening. Donald Trump’s policies, in fact, offer a roadmap for how not to compete with China.