Policymakers face complex cost-benefit considerations when intervening in the market to mitigate perceived risks, from climate change to competition with China.

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…

This year, tensions between Washington and Beijing flared over many issues. As the Biden administration prepares to take over, what lies ahead for one of the world’s most important bilateral relation…