![]() ![]() economic policy since the 1980s, when then-U.S. President Joe Biden’s first term, he is well along in carrying out the most dramatic revolution in U.S. ![]() In particular, by rejecting the model of trade negotiations that the United States championed for decades, the administration risks adopting an approach that excludes much of the world. The Biden administration is in danger of doing just that with its ambitious new industrial policy. ![]() The danger of a major policy change is that, in correcting for past errors, governments commit the opposite ones. ![]()
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