A Tale of Two Industrial Policies
Tensions roiled the annual World Economic Forum meetings in Davos earlier this month. Anxious diplomats and business leaders wondered whether China and the United States might de-escalate their confrontation and bury the hatchet. While continuing to endure a pandemic that has upended everyday life for years, Europeans have grappled with the ramifications of Russia’s invasion of Ukraine in the form of an unprecedented cost-of-living crisis.
But the forum also witnessed a more surprising confrontation. The United States and its European allies found themselves at odds over recent U.S. economic legislation. European policymakers accosted Senator Joe Manchin, Democrat of West Virginia, for his role in finalizing U.S.… Seguir leyendo »