“Ultimately, the United States needs to outcompete China and the way we do that is through open markets and immigration—our traditional strengths,” Clark Packard, trade policy counsel for the R Street Institute, a free market think tank, tells Reason. “We’re not going to outcompete Beijing by hiding behind tariff walls, deploying sclerotic domestic subsidies to politically favored industries, and choking off immigration. In fact, that is a recipe for decline and stagnation.”
