Many Americans are pushing for more economic self-reliance, and lawmakers are responding with policies to bring manufacturing back home, protect supply chains, and boost local innovation.  These steps make sense, and variations on policies to achieve these goals have been around since 1791, when Alexander Hamilton as the secretary of Treasury advocated for government support of manufacturing to ensure economic self-sufficiency and national security.  But we must be careful not to let caution turn into isolation.  Foreign direct investment (FDI) has always been a key part of America’s economic success, and it’s still vital for our growth, innovation, and global strength.

As we work to strengthen American technology and manufacturing, we must remember that the U.S. doesn’t stand alone.  Foreign investment drives research, creates jobs, and helps us stay competitive through global partnerships.  This doesn’t mean we ignore national security.  With smart policies and strong oversight, we can protect our interests while still welcoming the benefits of investment.

Nowhere is this more apparent than in the field of technology and innovation.  Although America is a global leader, we have always benefited from contributions made beyond our borders.  Foreign firms investing in research and development bring fresh ideas, capital, and competitive pressure that propel our own innovation forward.

National security concerns are real, especially with countries like China.  Equipment from companies like Huawei can pose serious risks, especially when it’s sold through third countries to hide........

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