US in an ill-conceived turn to neo-mercantilism

Speaking at the Brookings Institution in April 2023, US National Security Advisor Jake Sullivan declared national security and industrial policy as the guiding lights for US trade. Sullivan couched his prescriptions in soft tones and catchy phrases. “Decoupling” is out, “de-risking” is in. The goal is to “forge a new consensus” — something different to […]

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