Analysts: U.S. should push for transparency, new caps on industrial subsidies

With the rise in industrial subsidies aimed at tackling major global issues – like climate change and geopolitical competition – the U.S. should lead a push to enshrine a new approach to subsidies focused on improving transparency, strengthening penalties and developing new disciplines that would cap subsidies while allowing investment in the “global common good,” two trade analysts argue in a new report. In “ Rethinking International Rules on Subsidies ,” Jennifer Hillman and Inu Manak, both with the Council...