After a long dormant period, industrial policy is back and dramatically reshaping global manufacturing. As large-scale subsidies proliferate, countries that used to take a laissez-faire approach to market governance have entered a race to subsidize strategic sectors. Companies are responding.

Tune in here for an experimental 'podcast' on Kieran Thompson's 'Fighting subsidies with subsidies' article, created with Google's AI research assistant NotebookLM.

Tune into the Hinrich Foundation’s podcast series for insights on international trade.