It is hard not to read a pretext for protectionism into the executive order President Donald Trump signed last month under the ponderous title, “Assessing and Strengthening the Manufacturing and Defense Industrial Base and Supply Chain Resiliency of the United States.”  Its chief proponent, Peter Navarro, director of the National Trade Council, explains the order’s impetus with a campaign slogan about the putative loss of “more than 60,000 factories and almost 5 ...

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