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Tufts University Professor discusses Taiwan's history and US-China relations. Venture Capital Partner talks about fintech trends. The podcast covers geopolitical complexities, Chinese FinTech struggles, AI investments in FinTech, and future innovations in commerce.
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- President Biden's tariff increase on Chinese imports aims to boost domestic manufacturing, reflecting a tough stance on trade.
- Taiwan's historical struggles underscore the delicate balance of power in the complex U.S.-China-Taiwan relationship.
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President Biden's Tariff Hike on Chinese Imports
President Joe Biden is increasing tariffs on various Chinese imports, such as semiconductors, batteries, solar cells, and critical minerals, aiming to boost domestic manufacturing in key industries. This move marks Biden's significant update to tariffs on China initially imposed by former President Donald Trump. The strategy reflects a popular tough stance on trade with China among U.S. voters. However, Biden faces the challenge of balancing the impact of additional tariffs, potentially raising consumer prices and provoking China into retaliatory measures.
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Listen to the best highlights from the podcasts you love and dive into the full episode