Is the U.S. Moving On From Free Trade? Industrial Policy Comes Full Circle

Free trade was the mantra of economists for decades. The past few years have seen a return to Alexander Hamilton’s way of thinking. A Wolfspeed silicon-carbide fabrication plant in Marcy, N.Y., produces material in demand by electric-car makers. The Biden administration is pushing domestic chip production with billions of dollars in subsidies in the Chips […]

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