THEAMERICANCONSERVATIVE (Charles Benoit) - How Not to Do Industrial Policy
What a failed Biden-era effort to save American glove makers teaches us about tariffs. The post How Not to Do Industrial Policy appeared first on The American Conservative .
Politics How Not to Do Industrial Policy What a failed Biden-era effort to save American glove makers teaches us about tariffs. Credit: Amanda Wayne via Shutterstock Earlier this month, Bloomberg published a brutal autopsy of industrial policy gone wrong. The article documented how, beginning in 2020, the U.S. government provided $850 million to six American companies to bolster domestic manufacturing of nitrile gloves, a critical component of the medical supply chain. Six years later, not one of those companies is making gloves. The company that received the most funding, Blue Star NBR out of Wytheville, Virginia, was supposed to use that money to build the first American plant in a generation capable of making nitrile butadiene rubber…Open