The Commerce Department in May tightened its regulatory vise on Huawei, the Chinese telecom giant, and it’s important to recognize the magnitude of what is happening. The U.S. isn’t merely sanctioning a misbehaving firm. It’s forcibly decoupling computer technology supply chains from China, a move that will accelerate the fracture of at least part of the world economy into two spheres of influence.

That will be costlier than some assume, and it’s a tragedy given the hope 20 years ago that economic development would make China…



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