Washington’s regulations frenzy shouldn’t shortchange Middle America

Source: thehill.com thehill.com

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Over the last eight years, there has been a growing bipartisan effort in Washington to rethink trade and economic dependencies on any single nation, particularly the People’s Republic of China. Industrial policies supporting supply chain diversification have found support among both Democratic and Republican lawmakers. Policies such as the CHIPS and Science Act, which works toward securing the semiconductor supply chains, and the Inflation Reduction Act support the onshoring, nearshoring and friendshoring of critical and advanced technology supply chains. While these policies are borne out of national security concerns, frustrations from the hollowing out communities of well-paid manufacturing jobs are...