Senator Rubio: The U.S. Has No Industrial Policy To Counter China Made In 2025

February 19, 2019

The takeaway from Washington is this: You cannot have the No. 1 economy in the world be a capitalist, democratic system and the No. 2 economy be a hybrid capitalist system ruled by the communist party, a party that sets the table for economic development. The rules are totally different. Something’s got to give. So far, China has opened a bit more, and the U.S. has closed a bit more by way of increasing trade tariffs.