The Biden administration’s move to block exports of advanced computer chips to China is signaling a new phase in relations between the globe’s two largest economies — one in which trade matters less than an increasingly heated competition to be the world’s leading technological and military power.
The aggressive move, announced last month, it’s evidence of Biden’s determination to “manage” the U.S. competition with China, whose officials were quick to condemn the export ban.
After more than two decades in which the focus was on expansion of trade and global growth,
