The Intelligence from The Economist The Intelligence: The next stage of the tech wars
May 10, 2024
Lizzie Peet, an Economist researcher, dives into the heart of the tech wars, examining the fierce competition in chipmaking and green technology between the U.S. and China. She discusses the implications of a potential Trump re-election on America's anti-China stance and the costs of autarky. The conversation also highlights the controversial Seaport Tower development in New York, pitting preservationists against developers, while touching on a tribute to a pioneering zoologist who passionately studied giraffes, blending science and community concerns.
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Tech War Overview
- The US-China tech war, starting under Trump, involves trade barriers and subsidies.
- China leads in EVs, batteries, and solar, while the US focuses on chipmaking.
Current State of Tech Wars
- America aims to curb China's access to advanced technologies and boost domestic production.
- China, already ahead in green tech, focuses on expanding production despite US controls.
Future of Tech Wars
- A potential Trump re-election may intensify the tech war with a more aggressive, anti-China approach.
- This could involve stricter controls on American companies receiving subsidies.
