Beacon Global Strategies reposted this
Managing Director and Indo-Pacific Practice lead @ Beacon Global Strategies LLC | Nonresident Fellow @ AEI
“Strategic advisory firm Beacon predicts 'big yard' policy to safeguard technologies” National security advisory firm Beacon Global Strategies has listed tools that a second Trump administration could use. These include a 60% tariff on Chinese goods; adding more subsidiaries and affiliates of Chinese tech giants Semiconductor Manufacturing International Corp. and Huawei Technologies to the Commerce Department's Entity List, and broadening outbound-investment restrictions through executive orders to cover all dual-use artificial intelligence and quantum technologies. The firm predicted that President Joe Biden's "small yard, high fence" concept for preventing the export of advanced semiconductor technology to China would expand to trade more broadly under a Trump administration. Ivan Kanapathy, a former China director on Trump's National Security Council and now a senior vice president at Beacon, told Nikkei Asia: "Biden's small yard is designed to narrowly preserve U.S. military advantage. Trump's big yard seeks to broadly promote U.S. economic and security prosperity." Beacon's Meghan N. Harris, a former director of strategic trade and nonproliferation on then-President Trump's National Security Council, where she oversaw export controls policy, said a second Trump administration will not be bureaucratically cautious in pursuing its objectives. "As in his first administration, Trump will color outside the lines when it comes to economic and technology policy with China," Harris said. On foreign partners, a Trump administration "will recognize how important it is to get partners on board with complementary China actions, particularly in technology policy," she said. "It won't be a 'go it alone' mentality -- but it also won't be deferential." Eric Sayers, head of Beacon's Indo-Pacific practice, said that if Trump does win a second term, the most consequential decision will be his pick as Treasury secretary. "Will he go with a classic market-friendly pick or will he look to someone who is more a reflection of Trump-Vance economic nationalist policies and views China as a pure economic competitor?" Sayers asked.