How 'Friend-Shoring' Has Made America More Like China
Globalization was once the watchword of Washington. Bill Clinton made it a centerpiece of his economic policy, from the North American Free Trade Agreement to ushering China into the World Trade Organization. But two decades later, America has become increasingly protectionist, pushing strategic industrial policies and trade barriers.
Just the other day, National Security Adviser Jake Sullivan turned heads when he said "the postulate that deep trade liberalization would help America export goods, not jobs and capacity, was a promise made and not kept." Indeed, the Biden Administration has…
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