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Greg Ip: U.S., Europe Need a Grand Bargain on Semiconductors and Electric Vehicles to Counter China


Allies complain U.S. EV subsidies mistreat them, yet rebuff requests to join restrictions on chip exports to China. The U.S. and its allies agree they need to reduce their dependence on China. They also agree none can do so alone: No country is big enough to sustain an entire supply chain. Thus the frequent calls for “friend-shoring”

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Posted: December 7, 2022 Wednesday 10:00 AM