Competing in the New Era of Industrial Policy

The continuing commerce battle has dominated conversations in boardrooms and newsrooms. On-again, off-again tariffs and economically bellicose statements have led to uncertainty, confusion, and even worry. Amid the market turmoil and operational confusion of the previous few months, it’s attainable to lose sight of a profound underlying change of which these are a manifestation. Even after issues settle down (as they are going to, ultimately), companies must face a brand new structural actuality: International commerce has entered an period the place competitors is immediately—and profoundly—formed by authorities industrial coverage.