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Biden Administration’s Big Manufacturing Push Could Transform Global Trade
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In just over a year, the U.S. has passed three huge budget measures aimed at transforming its domestic economy—by rebuilding infrastructure, accelerating a clean-energy transition, and boosting manufacturing in semiconductors and the automotive industry.
Each of these initiatives is focused on strengthening the U.S. economy and on boosting U.S. competitiveness in the world. But there is another crucial consideration as well: How these three policies are implemented in the months ahead could reshape global trade relations for years to come.
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