OpinionThinking About China

Subsidies for Me but Not for Thee

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Subsidies for Me but Not for Thee
Secretary of Commerce Gina Raimondo listens as national security adviser Jake Sullivan speaks at a virtual meeting with President Joe Biden, CEOs, and labor leaders on the CHIPS for America Act in the Eisenhower Executive Office Building, next to the White House in Washington, on July 25, 2022. Brendan Smialowski/AFP/Getty Images
Milton Ezrati
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Commentary
Although only some $52 billion in Washington’s $280 billion CHIPS for America Act actually aims to boost semiconductor production in the United States, Beijing is furious and has promised retaliation.
Milton Ezrati
Milton Ezrati
Author
Milton Ezrati is a contributing editor at The National Interest, an affiliate of the Center for the Study of Human Capital at the University at Buffalo (SUNY), and chief economist for Vested, a New York-based communications firm. Before joining Vested, he served as chief market strategist and economist for Lord, Abbett & Co. He also writes frequently for City Journal and blogs regularly for Forbes. His latest book is "Thirty Tomorrows: The Next Three Decades of Globalization, Demographics, and How We Will Live."
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