Bad News From the EU on Industrial Policy

An EU Industrial Policy Is Bad News for the U.S., Washington Times, November 11, 2019. "The European Union is afraid. It’s afraid that it’s not the home of the world’s largest and leading companies, and it’s afraid that it’s falling behind China and the United States. In its fear, it’s moving toward a policy of creating European champions that will only poison relations with the United States."

A European Industrial Policy Is Bad News for the U.S.

The U.S. Should Oppose the EU’s Turn Toward Industrial Policy, Heritage Foundation Issue Brief #5004, September 24, 2019. "The EU is moving towards the adoption of an industrial policy that, while aimed primarily at the People’s Republic of China, is also motivated by resentment of the United States. Industrial policy is the wrong tool for addressing the problems posed by China’s rise, and the European support for the creation of so-called “European champions” in industry is deeply hypocritical. The U.S. must vigorously oppose the EU’s turn toward industrial policy and must emphasize that what the U.S. and the EU need are higher levels of economic growth, the prospects for which will only be damaged if the EU pursues industrial policies that damage its economy and further alienate the United States."