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Industrial Policy

…benefits if well-designed, directed to address well-identified market failures, and based on competition-enhancing principles and sound cost-benefit analysis. Examples of market failure include a lack of know-how or capital-market imperfections…

Industrial Policy

…of market failure include a lack of know-how or capital-market imperfections that unjustifiably hold back investment and can be countered by government support such as supporting scientific research and providing…

Trump lies about trade

“As Trump passed the 100-day mark in office last week, the White House touted a growing list of more than 50 announcements by private companies since Jan. 20 to invest…