Great experience with punitive sanctions to destroy nations ... too many to list. Great idea to broaden trade sanctions to preserve our leading position and hit not only adversaries but especially competitors ... yes, allies is no problem. Germany's auto industry and energy-consuming heavy industries plus chip producing leading corporations such as ASML in The Netherlands. Bullying has become an creative extension of the State Department. Cost-saving on hours of "diplomacy" ...

Semiconductor Chips Act Demonstrates the Perils of Technology Protectionism | MofA - Aug. 31, 2023 |

Last week Secretary of the Treasury Janet L. Yellen gave a speech on the U.S.-China economic relationship. I called it a declaration of war.

Yesterday National Security Advisor Jake Sullivan held a speech on 'Renewing American Economic Leadership' which touched on some of the same themes as Yellen's speech.

Sullivan argues that the U.S. must change course from opening markets and liberalization to targeted protectionism and subsidies for specific sectors. The main argument for it is 'national security' but the real aim seems to be the suppression of competition from others.
...
Sullivan's whole speech is an argument against free markets and for protectionism and sector subsidies. It does away with the economic framework the U.S. had build after the end of the second world war.

'Sapere aude'