Table of Contents PART I: THE COMPETITION FOR WHAT COMES NEXT...................................................... 6 Our Enduring Vision ............................................................................................................... 6 Our Enduring Role................................................................................................................... 7 The Nature of the Competition Between Democracies and Autocracies ................................ 8 Cooperating to Address Shared Challenges in an Era of Competition.................................... 9 Overview of Our Strategic Approach.................................................................................... 10 PART II: INVESTING IN OUR STRENGTH............................................................................. 14 Investing in Our National Power to Maintain a Competitive Edge ......................................... 14 Implementing a Modern Industrial and Innovation Strategy................................................. 14 Investing In Our People......................................................................................................... 15 Strengthening Our Democracy .............................................................................................. 16 Using Diplomacy to Build the Strongest Possible Coalitions................................................... 16 Transformative Cooperation.................................................................................................. 16 An Inclusive World ............................................................................................................... 18 A Prosperous World .............................................................................................................. 19 Modernizing and Strengthening Our Military........................................................................... 20 PART III: OUR GLOBAL PRIORITIES ..................................................................................... 23 Out-Competing China and Constraining Russia ....................................................................... 23 China...................................................................................................................................... 23 Russia..................................................................................................................................... 25 Cooperating on Shared Challenges ........................................................................................... 27 Climate and Energy Security................................................................................................. 27 Pandemics and Biodefense .................................................................................................... 28 Food Insecurity...................................................................................................................... 29 Arms Control and Non-Proliferation..................................................................................... 29 Terrorism ............................................................................................................................... 30 Shaping the Rules of the Road .................................................................................................. 32 Technology ............................................................................................................................ 32 Securing Cyberspace ............................................................................................................. 34 Trade and Economics ............................................................................................................ 34 PART IV: OUR STRATEGY BY REGION ................................................................................ 37 4 NATIONAL SECURITY STRATEGY

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