The US is warning the European Union on trade — again. This time it’s about the bloc’s looming push for “Made in Europe” rules to shore up its industrial base after a painful shellacking at the hands of Chinese competition and Trumpian tariffs. It’s pretty rich of the US to claim the EU is acting unfairly on trade and undermining transatlantic defense. More notable is pushback from non-US trading partners and the economic cost of such measures longer-term. They ultimately point to the need for a
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The EU Should Allow Industry Losers to Die, Not Pick Winners
