Wrapping its thoughtless actions in “national security” sanctimony, the Biden administration will weaken a U.S. always and everywhere made stronger by imports.
A logical corollary to the above is that if U.S. producers aren't allowed to sell their product around the world, they logically can't import global production. The confused protectionists in our midst would say the latter is a good deal, that imports hurt us. It's not just that we export so that we can import. This is something to think about as the economic vandals inside the Biden administration place export controls on innovative U.S. corporations like Nvidia, Intel INTC -1.5%, and Advanced Micro Devices AMD -1.7%. The leader of this know-nothing vandalism is Commerce Secretary Gina Raimondo. Do these sales hurt the Chinese? No. Imports once again improve us by freeing us to do what we do best. Stating the obvious, the Biden administration's export controls will weaken the U.S. by kneecapping some of its greatest companies, the damage will be compounded by further weakening born of a reduced ability to import, after which it can't be shouted enough that trade is the most peaceful act in the world, and by extension the greatest foreign policy concept mankind has ever happened upon. Wrapping its thoughtless actions in "National security" sanctimony, the Biden administration will weaken a U.S. always and everywhere made stronger by imports, all the while reducing the cost of war between the U.S. and Chinese by suffocating the very trade that, for making war so expensive, renders it unlikely.