Activists opposed to conventional food and agriculture often step over the line, but one has finally been caught. Trade Policy to Address Industrial Policy Donald Trump’s senior trade advisor Dan DiMicco is wrong to blame trade agreements for the plight of firms like his prior steel mill. However, he is correct in asserting that the policies that distort trade need to be addressed. China’s massive steel production and exports are following the playbook of that country’s aluminum industry, as outlined by the Wall Street Journal. Beijing provides manufacturers with cheap energy, tax rebates for exports and other benefits to ensure their success. According to the newspaper’s report, the result is that the U.S. now has just one manufacturer l...

TAGS – North America