Krugman

Economist Paul Krugman has posted an article on Substack comparing economic development in China and the U.S. :

China Has Overtaken America
And Trump’s policies guarantee that we will never catch up

The evidence:

"The most obvious example of Trump’s war on a critical sector, and the most consequential for the next decade, is his vendetta against renewable energy. Trump’s One Big Beautiful Bill rolled back Biden’s tax incentives for renewable energy. The administration is currently trying to kill a huge, nearly completed offshore wind farm that could power hundreds of thousands of homes, as well as cancel $7 billion in grants for residential solar panels. It appears to have succeeded in killing a huge solar energy project that would have powered almost 2 million homes. It has canceled $8 billion in clean energy grants, mostly in Democratic states, and is reportedly planning to cancel tens of billions more."

Krugman's conclusion:

"Does this mean that the U.S. is losing the race with China for global leadership? No, I think that race is essentially over. Even if Trump and his team of saboteurs lose power in 2028, everything I see says that by then America will have fallen so far behind that it’s unlikely that we will ever catch up."