Good article by two professors for the NY Times. Trump should read it.

From China Shock 1.0 to 2.0.

From 1999-2007, China mastered the low-end manufacturing — textiles, toys, furniture, assembly of electronics etc.

Now, in the next iteration, China is mastering semiconductors, telecom, AI, rare earth, batteries, robotics, solar, quantum computing etc.

But Trump is dreaming of the old economy and carpet-bombing allies with his tariffs and trade wars.

The US is on a path of defeat.