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When you have a dictatorship, you can suspend the laws of economics. They will raise prices on all those dependent upon them. Big Pharma still relies on China to produce drugs for the US market. We need to decouple from China, Our highly compromised President will resist that.

Our highly compromised corporations.

"American technology still should be shielded from Chinese acquisition, especially if a large research program passes Congress.6 But far more money is heading from the US to the PRC. New American portfolio investment in China in 2016–20 approached $800 billion.7 The Department of the Treasury fails to provide sector breakdowns, so policymakers do not know if Chinese technology is being supported. To make matters worse, export control reform Congress passed in 2018, to limit technology sales, remains largely unimplemented.8 The US is not competing with China; we’re helping them.

Footnotes:

6) Speaker of the House, “Pelosi, Schumer Joint Statement on Bicameral Agreement to Conference the Senate-Passed United States Innovation and Competition Act,” press release, November 17, 2021, https://www.speaker.gov/newsroom/111721-1.

7) US Department of Treasury, “Securities (C): Annual Cross-U.S. Border Portfolio Holdings,” https://home.treasury.gov/data/treasury-international-capital-tic-system-home-page/tic-forms-instructions/securities-c-annual-cross-us-border-portfolio-holdings.

8) Not a single action has been taken to control the spread of foundational technologies. See US Department of Commerce, Bureau of Industry and Security, “Fiscal Year 2022 President’s Budget Submission,” https://www.commerce.gov/sites/default/files/2021-06/fy2022_bis_congressional_budget_justification.pdf.

AEI China Investment Report