TOTM
Foreign Trade Barriers Threaten American Space Dominance
Truth on the Market
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A recently issued White House executive order aims to boost competition and innovation in America’s commercial space industry by cutting state and federal red tape, and by streamlining the permitting and licensure process for launching and receiving spacecraft. Across the pond in the European Union (EU), however, new legislation that unduly singles out U.S. companies could hamper these efforts.
At a time when China’s space sector is making immense strides, the Trump administration should use the ongoing U.S.-EU trade negotiations to oppose these trade barriers that imperil U.S. space leadership. Potentially at-stake are not only national security, but more than $1 trillion in economic benefits and opportunities for Americans.