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The Daily
How Biden Adopted Trump’s Trade War With China
May 13, 2024
Jim Tankersley, an economic policy reporter at The New York Times, discusses how President Biden has adopted and intensified Trump's trade war with China. Topics include Biden's tough stance on China, possible tariff increases on electric vehicles, and the continuation of anti-China policies in the clean energy sector.
24:57
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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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