Industrial Policy
Artificial Intelligence, China, and America’s Next Industrial Revolution
China’s approach to Artificial Intelligence offers American policymakers many valuable lessons. The United States has faced defining moments before, such as two world wars, a cold war, economic stagnation in...
Toward a Foreign Policy for the Working Class
A foreign policy for the working class is not merely a call to rebuild America’s physical and technological infrastructure but to restore its moral and spiritual foundations. In the third...
Can Private Equity Save U.S. Steel?
It should come as no surprise to anyone who has been paying attention that President Joe Biden issued an order prohibiting the acquisition of Pittsburgh-based U.S. Steel Corporation by Tokyo-based...
Joe Biden’s Shocking Decision to Block the Nippon Steel Deal
It was not shocking that the Committee on Foreign Investment in the United States sought to defer a decision on Nippon Steel’s $14 billion offer to acquire Pennsylvania’s U.S. Steel until after the...
Biden’s Botched Electric Vehicle Legacy
As we head into the final weeks of the Biden administration, the ambitious goal it had set coming into office to build out a competitive American clean energy and electric...
How Japan Can Strengthen the U.S. Steel Industry
Election politics might have postponed a U.S. government decision about whether the Nippon Steel company’s planned acquisition of U.S. Steel creates a national security concern. However, this politically charged transaction...
Why Does the U.S. Rely on Chinese State-Owned Shipping?
In recent years, the Biden administration has promoted the need for “resilient, diverse, and secure supply chains” and urged the identification of vulnerabilities that could affect the country’s national security....
Mario Draghi’s Plan for Europe: Some Good Ideas and One Really Bad One
The former president of the European Central Bank (ECB) and former Italian prime minister, Mario Draghi, the “savior of the euro,” has issued a raft of recommendations to rejuvenate the...
The UK’s Trade Rush Needs More Economic Strategy
Three years and dozens of trade agreements later, post-Brexit Britain shows no signs of hitting the brakes on its trade roll. In the quest to quickly put European Union (EU)...
The U.S.-Japan Steel Alliance Is Ready to Take on China
Attention-grabbing media headlines such as “After U.S. Steel announces sale, reactions range from outrage to concern,” and “U.S. Steel-Nippon deal merits ‘serious scrutiny,’ says Biden aide,” fuel Americans’ worry. They...
Has China’s Industrial Policy Helped or Hurt the World?
China’s industrial policy has drawn global attention, sparking different reactions from developed and developing nations. Developed countries tend to perceive China’s industrial policies as a threat to their firms’ competitive...
America’s Industrial Policy Spells Trouble for Global Supply Chains
Though geared mainly at domestic outcomes, the rise of industrial policy in the United States is affecting global supply chains, especially in Asia. To the extent that they boost investment in...