A critical look at the past and present of industrial policy shows that its recent popularity is not only misguided, but is likely to have negative economic and geopolitical consequences for the Unit…

Europeans consider vast U.S. subsidies for cars, clean energy, and semiconductors a danger to their economies.

With new sources of uncertainty proliferating by the day, the world should brace for a broad economic slowdown or, at minimum, a lengthy period of slower growth.

This is the first time since World War II that there may be no cooperative way out.