The election of Joe Biden will not end the U.S.-China trade war. Biden has already vowed to keep outgoing President Donald Trump’s tariffs as leverage for negotiations. That signals the dawn of a permanent new era of economic competition between the two superpowers. But beyond the flashy, headline-grabbing issue of tariffs and trade deals, there’s another, more important economic struggle being waged -- the battle to control technology industries. And the U.S. is deploying some very risky weapons to win it.
As China approaches technological parity with the U.S. in a variety of high-value industries, the U.S. has acted to