AI arms race,

thinly staffed start-ups from considering deals. He also sees what looks to him like an industrial policy that could backfire by blocking US companies from interacting with dynamic counterparts in China, or being able to do business there.

From his vantage point the current protectionism seems shortsighted. In 3-D printing lies a future for supply chains that might eliminate the need for companies to produce in low-cost countries like China. If that were to happen it could move the manufacturing that Mr. Trump is so eager to repatriate one step closer to home.

“The Trump administration should focus on making our economy and tech industry stronger,” Mr. Lobovsky says. “If everyone is so worried about Made in China 2025 why don’t we do Made in USA 2025 to compete?”

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National security concerns trump technology deals