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Correct. Almost every country subsidizes domestic industry. Just off the top of my head: Boeing, Farm subsidies, CHIPS act (approx 52B), Oil drilling, GM & Chry
by JSR_FDED 4mo ago
Correct. Almost every country subsidizes domestic industry. Just off the top of my head: Boeing, Farm subsidies, CHIPS act (approx
52B), Oil drilling, GM & Chrysler bailouts, Airline bailouts, State tax breaks for Amazon, etc
- woodpanel 4mo agoThe scale is not even remotely comparable though to what China does
- bruce511 4mo agoI agree. Depending on what you measure,total US subsidies are far larger than Chinese ones. I'd say you can certainly compare them though, and US ones are in the same order of magnitude- although it gets worse if you adjust for population size. For example, the US subsidizes the defence industry to the tune of a trillion $ a year. (As a % of total federal budget the US spends about double that of China.)