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With growing momentum behind efforts to reform and strengthen US antitrust enforcement, a decades-long trend toward increasing market concentration may soon be confronted head-on. But enforcement alone will not cure what ails the US economy – especially not when US consumers themselves are smitten with the monopolists.
As countries scramble to secure supplies in the face of "vaccine apartheid," India has enhanced its global standing by making vaccines that are readily available in the world's poorest countries. This effort may one day help India secure recognition as a global power – with a permanent UN Security Council seat to go with it.
US President Joe Biden will not rescind Donald Trump's tariffs on imported Chinese goods for China’s benefit. But he has three stronger reasons to do so: The measures have hurt American workers and firms, failed to reduce the overall US trade deficit, and arguably further weakened respect for global economic rules.