What’s the level of subsidy that’s ok?
I'll take a stab. How about something like not more than 50% greater than OECD average per industry? My point: It seems reasonable that some countries was to specialise in certain areas. For example: Taiwan and (East!) Germany chose to build-out their semiconductor industry starting in the 1980s. It has paid pretty good dividends with a healthy amount of industrial subsidies. I also think the OECD should be raising tariff rates to protect against ridiculous levels of Chinese subsidies.
Appeals to fairness are difficult to accept when the rest of us out here in the world have been hurt by the US imposing tariffs and sanctions on us over the past few decades, and with intense chaotic energy in the last few years.
How do we make a system everyone is to abide by when the US can just rewrite the rules when it suits? Order collapses when a huge country behaves this way.
Quite a few members of the OECD have already done so.
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"my level" - $1 more is cheating