Are We Concerned That the US May Catch This Disease?

There's a trend towards industrial policy. And if you think about it and put it in context, it's not exactly new. In fact, if you talk to the Chinese privately, what they will say is you're starting to do to us, what we've been doing to you for the last 30 years. The Europeans may catch this disease too. But subsidies at the same time are not a new issue of contention between the US and Europe. Eventually, the chickens on this one will come home to roost.