America vs China: Who Will Lead Global Innovation?

The escalation of tariffs between China and the United States is haunting the financial markets. “Manageable, orchestrated trade skirmishes” is probably the right description. But “trade war” is so much better a headline. Either way, what is really going on is not about trade; it is about who will lead global innovation in the 21st century. Think less steel, soybeans, and solar panels, and more electric vehicles, self-driving cars, and artificial intelligence.