this post was submitted on 10 Jan 2024
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Mexico to take lead as 'friendshoring' brings in manufacturing

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[–] aelwero 20 points 11 months ago (2 children)

The Biden White House has also maintained the tariffs on Chinese products worth $370 billion imposed by predecessor Donald Trump.

That's a hell of a sentence :) I guess we can agree on some things... Tarrifs on china, truly bipartisan...

[–] [email protected] 11 points 11 months ago (1 children)

It's not like China has any intention of lifting the counter tariffs they put in place, especially with tensions rising over Taiwan, so there's almost no reason for the biden admin to have done this.

[–] [email protected] 1 points 11 months ago

Reducing inflation by cutting the cost of imports would be one reason.

Of course, the consequence of that is that voters in the Rust Belt hate you and you lose re-election, so that explains that one pretty easily.

[–] [email protected] 4 points 11 months ago (1 children)

Was reading an article about the CPTPP that left me wondering if/when the US might have another crack at it? It's sort of an Everyone-But-China economic club as it stands, and the US was heavily involved in it early on until Trump came along.

[–] [email protected] -1 points 11 months ago

Hopefully never.

As an Australian it would’ve been one of the worst things to happen to us in a long time.