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Remember: It’s Not Industrial Policy Without Trade Enforcement

September 21, 2022


There’s been a lot done this Congress to build the foundation of a widespread U.S. industrial policy.

Here’s how it shakes out: You’ve got your Bipartisan Infrastructure Law that passed last year and established a market for manufactured goods via $1.2 trillion in spending.

You’ve got your CHIPS Act and (weirdly named, thanks to you-know-who) Inflation Reduction Act that are in large part incentives to motivate capital investment and consumer behavior. Those bills respectively commit over $52 billion to the domestic manufacture of critically important semiconductor chips and billions more in incentives and tax credits to subsidize household purchases of clean energy products like solar panels, heat pumps and electric vehicles.

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