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Republicans are split on a major bill aimed at boosting the U.S. semiconductor industry, with some alleging that the legislation reeks of corporate welfare and others arguing it’s key to helping the U.S. compete with China.
Multiple Republican senators who support the semiconductor legislation Wednesday also shared a tweet thread from American Compass Executive Director Oren Cass, pushing back on a Wall Street Journal editorial opposing the bill.
“The WSJ editorial laments ‘subsidizing highly profitable companies that don’t need the help,’” Cass wrote. “But the issue isn’t profitability, it’s incentives at the margin for investment in domestic production. The editors may only care about profits, America has other concerns.”
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Trade Deals in the Time of Tariffs
The reciprocal levies aimed at allies have been paused for 90 days, now what?
Trump’s tariffs aim to reset global trade — and boost America’s workers
President Trump ushered in a new era of US trade policy Tuesday — a national course correction after decades of unfair trade practices
Stop Freaking Out. Trump’s Tariffs Can Still Work.
Last week’s “Liberation Day” marked a kind of D-Day in the effort to reorder the international economic system.