Trade Policy at a Crossroads: Protectionism and Industrial Strategy
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After decades of free-trade consensus, both U.S. parties now back tariffs, subsidies, and domestic content rules — but economists are divided on whether managed trade can deliver the outcomes its supporters claim. After decades of bipartisan consensus around free trade, both major U.S. parties now embrace significant tariffs, subsidies, and domestic content requirements. The recent wave of reshoring policy—from semiconductor incentives to steel tariffs—has split economists who once agreed on almost nothing else. The debate is no longer free trade versus protectionism, but whether any version of managed trade can actually deliver the jobs, security, and resilience its proponents promise. — Independent bias measurement: lean -2.0 (−10..+10) · epistemic quality 8.3/10 · scored by 3 external AI judges (DeepSeek, Cohere, Llama). Methodology: https://hellohumans.ai/methodology
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