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Trump, Republicans Eagerly Extend Helping Hand to US Businesses

Rob Garver

   WASHINGTON - In the space of just three years, the Trump administration
   has helped usher in a major reversal in how the Republican Party views
   the relationship between the federal government and U.S. businesses.
   Ten years after the Tea Party movement sent a wave of Republican
   legislators to Washington with a mandate to disassemble the regulatory
   state and slash "corporate welfare," the GOP is backing a president
   with a dramatically different vision of the relationship between the
   federal government and the free market.

   A party wary of government interference in the free market has come to
   support Trump's use of punitive tariffs to protect specific U.S.
   industries, like steel and automobiles. It also backs him on the use of
   the Export-Import Bank to have the federal government finance
   competition with China in multiple sectors, and barely batted an eye
   early this month, when Attorney General William Barr suggested that the
   U.S. government take an ownership stake in telecommunication firms that
   compete with Chinese 5G giant Huawei.
   

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