Over the past five years, it has become abundantly clear that the U.S. has no appetite for international trade and commerce that hollows out American manufacturing, nor the tolerance for American companies growing foreign markets at the expense of American national security. The Biden administration’s export control measures targeted at nipping China’s semiconductor industry in the bud is a fine example of that change in American trade and foreign policy. While there are not many policy issues that can be worked out across the aisle in Washington these days, policies involving China, trade and national security revive hope in bipartisanship...