The Daily
How Biden Adopted Trump’s Trade War With China
May 13, 2024
Jim Tankersley, an economic policy reporter for The New York Times, reveals how President Biden has continued and intensified Donald Trump's trade war with China. Instead of reversing policies, Biden is calling for steel tariffs and considering raising tariffs on electric vehicles to 100%. The discussion highlights shifts in the tech landscape, the focus on domestic production in clean energy, and the evolving U.S. economic strategy aimed at countering foreign competition, especially from China.
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Quick takeaways
- Biden's trade policy mirrors Trump's toughness on China, focusing on fair competition and addressing 'cheating' in trade.
- Biden escalates anti-China measures, potentially leading to a trade war, particularly targeting clean energy industry for securing American interests.
Deep dives
Biden's Approach to China Policy
President Biden follows a stance on China policy that aligns surprisingly with former President Trump's approach in certain aspects. Contrary to expectations of reversing Trump's policies, Biden emphasizes fair competition, echoing sentiments of China 'cheating' in trade. Surprisingly, Biden builds on Trump's anti-China moves, edging towards his versions of a potential trade war with China.
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