Two really interesting pieces appeared today on the dramatic change in attitude toward global trade in the US, by both political parties. One in the Washington Post and the other in the Financial Times. Here are the salient excerpts.

“[Disenchantment over trade with China has fed wider disenchantment with global commerce itself; consequently, neither party actively supports new trade promotion agreements anymore.”

“The Most Underrated Political Story.” Washington Post (March 23, 2023).

“These interventions (new US economic legislation), targeting foreign and domestic companies, are nothing short of revolutionary in a US context. For decades, Democrats and Republicans have trusted market forces …. But the proposed measures, devised through the prism of national security policy must …  [have] rigorous safeguards.” 

“National Security is Shaping US Regulation.” Financial Times (March 23, 2023).