To stay ahead in tomorrow’s technologies, the U.S. needs to upgrade its economic security tools, argues the Task Force.<a href=""><img src="[link removed]" alt="" border="0" /></a>

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Leading the Race for Tomorrow’s Technologies <[link removed]>

Leading the Race for Tomorrow’s Technologies <[link removed]>

The United States needs to upgrade its economic security tools to maintain its edge in foundational technologies, argues a new bipartisan Council on Foreign Relations Task Force <[link removed]> chaired by former Deputy Secretary of the Treasury Justin G. Muzinich, former Secretary of Commerce Gina M. Raimondo, and Lockheed Martin Chairman, President, and CEO James D. Taiclet, and directed by CFR Senior Fellow Jonathan E. Hillman.

The Task Force report provides policymakers and industry leaders with a comprehensive view of vulnerabilities that the United States needs to address and offers practical recommendations to strengthen supply chains and mobilize investment.

Read the Task Force report <[link removed]>

In its new report, U.S. Economic Security: Winning the Race for Tomorrow’s Technologies <[link removed]>, the Task Force on Economic Security cautions that strategic competition over the world’s next generation of foundational technologies is underway, and U.S. advantages in artificial intelligence, quantum, and biotechnology are increasingly contested.

The high-level, bipartisan Task Force warns that economic security risks, especially overconcentration of critical supply chains in China and underinvestment in strategically important areas at home, threaten American leadership in those three crucial sectors of the future.

Chart: Where Do Critical Minerals for AI and Quantum Come From? <[link removed]>
The Task Force report recommends that the United States

* onshore the manufacturing of critical inputs and components for data centers;

* accelerate development of the world’s first utility-scale quantum computer through Department of Defense procurement;

* build a national network of advanced biomanufacturing hubs and stockpiles of biotech inputs from trusted markets;

* secure critical minerals by expanding the National Defense Stockpile, accelerating permitting, and working with partners and allies to map sources and to pioneer recovery and substitution technologies; and

* establish an Economic Security Center at the Department of Commerce that strengthens government coordination, technical expertise, and partnership with the private sector.

These targeted actions are intended to unleash the U.S. innovation ecosystem, allowing the private sector to scale and diffuse technology globally, and position the United States to better respond to future changes and technologies yet to emerge.

“The age of economic warfare has arrived, yet the United States is still wielding last century’s weapons.”

—Task Force on Economic Security

How the U.S. Can Keep Its Lead in Tomorrow’s Technologies <[link removed]>

Watch Task Force Cochair Gina M. Raimondo discuss the challenges to U.S. economic security and the Task Force’s plan <[link removed]> to upgrade the nation’s economic toolkit, strengthen supply chains, and mobilize resources to lead in the global tech competition.

How the U.S. Can Keep Its Lead in Tomorrow’s Technologies <[link removed]>

About Task Force Reports <[link removed]>

CFR convenes experts to reach consensus on issues of critical importance to U.S. foreign policy. Learn more and read past Task Force reports <[link removed]>

About Task Force Reports <[link removed]>

Council on Foreign Relations <[link removed]>

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