2min chapter

Bloomberg Surveillance cover image

Surveillance: March CPI Sets Stage for Fed

Bloomberg Surveillance

CHAPTER

The Problem With Subsidies in Trade

The US puts out this IRA which includes huge subsidies for particular companies. And so what you end up with is like an arms race. Everybody builds up. Nobody gains economy at scale. It's done under the guise of supply chain resiliency. Who says it's going to be a success? You've dismissed that straight up.

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