The algorithm Donald Trump applied to the policies of his predecessor, Barack Obama, was simple: anything Obama had done, Trump rescinded, canceled, or did the opposite. Joe Biden might be tempted to play turnabout with Trump, and in many cases that would make a lot of sense. In matters relating to areas such as the Paris Agreement on climate change, policies with respect to immigrants, and adherence to the Foreign Emoluments Clause of the Constitution, Biden would be perfectly correct in reversing course.
But, from an industrial policy perspective, it would be worth examining closely how to deal with China. China was one of the large national rivals that took advantage over the past four years of the Trump administration’s inability to keep its eye on the ball. Russia found our blind spots like an expert squash player dropping a shot where his opponent isn’t, using Trump’s (almost) inexplicable softness toward Vladimir Putin to promote its agenda. While we were watching for election disruption, Russian hackers popped open SolarWinds like a can of Mountain Dew and entered the computer networks of thousands of organizations. Iran and North Korea edged merrily toward greater nuclear capabilities. But China, among them all, boldly and directly, went about the business of displacing the United States in as many domains as possible, maneuvering…