The Biden administration bet big on industrial policies. Experts warn it may not pay off
Publishing timestamp: 2023-09-25 07:05:01
Summary
The Biden administration is implementing industrial policies to bring manufacturers back to the United States, with a focus on semiconductors and electric vehicles. Experts have differing opinions on the effectiveness and potential risks of these policies.
Sentiment: MIXED
Keywords: economy, u.s. department of defense, covid-19 pandemic, electric vehicles, business news, semiconductor device manufacturing, alternative and sustainable energy, labor productivity and costs, electric vehicle manufacturing, jobs, immigration, subsidies, immigration policy, video first, energy policy, defense policy, united states, intel corp, national aeronautics and space administration, space technology, offshoring, micron technology inc, national security,
Source: https://www.cnbc.com/2023/09/25/why-bidens-big-bet-on-industrial-policies-may-not-pay-off.html