Industrial Policy & Economic Nationalism - The report critiques the Trump administration's "rule by deal" approach, where individual companies gain public investment through White House negotiations without transparency or consideration of the broader industrial landscape [3][4][5] - The report argues for a comprehensive, institutional approach to industrial policy, particularly for critical minerals, with a clear mission, institutional capacity, and streamlined processes [8][9][10] - The report highlights the need for government intervention in areas like rare earths and semiconductors due to China's dominance, emphasizing the importance of securing these industries [7][8] - The report mentions the CHIPS program, where $40 billion was allocated to semiconductor manufacturers, as an example of a thorough but slow process [11] Tariffs & Trade - The report suggests that broad tariffs across all imports can negatively impact trade and economic growth [20] - The report acknowledges that targeted tariffs, like those on electric vehicles from China, can be strategically useful [21] - The report warns that excessive tariffs could lead to higher prices for consumers and a less competitive domestic car market [22] AI & Data Centers - The report suggests caution regarding government investment in AI data centers, given the significant private capital already flowing into the sector, estimating close to $500 billion this year [15][16] - The report expresses concern about a potential bubble in the AI space due to excessive private investment [16]

Trade Policy - Treasury Secretary Bessent states that tariffs benefit consumers [1]

Two countries whose exports to the US face some of Trump’s highest tariffs are close to deals https://t.co/TqdIig06OY ...

From @WSJopinion: Trump is trying to dull the public’s tariff pain with direct payments that he can take credit for. This is a new version of the age-old income redistribution game. https://t.co/T0OX1m8cMI ...

JUST IN: 🇺🇸 President Trump says it would be an economic 'disaster' if Supreme Court rules against tariffs. ...

Rising furniture prices—up by almost 4% in the 12 months to September—are already putting off would-be customers. New tariffs will push those prices higher still https://t.co/mf4LUmiBvk ...

Calling peaks for anything is dangerous, but it appears we’ve reached the peak for Trump’s tariffs https://t.co/1NiGXohIBF ...

The greenback has not recovered from Donald Trump’s “Liberation Day” tariffs. Yet that does not mean America should seek dollarisation where it is unnecessary and unwanted https://t.co/gUpewXZiIl ...

RT Watcher.Guru (@WatcherGuru)JUST IN: 🇺🇸 President Trump says "people that are against tariffs are FOOLS!""We are now the richest, most respected country in the world, with almost no inflation and a record stock market." https://t.co/zM7KHEeRww ...

JUST IN: 🇺🇸 President Trump says "people that are against tariffs are FOOLS!""We are now the richest, most respected country in the world, with almost no inflation and a record stock market." https://t.co/zM7KHEeRww ...