Kurt Tong, Managing Partner of The Asia Group, says a second Trump administration could shift productive capacity away from China, while a Harris administration could see a continuation of Biden’s policies on technology denial.
Kurt Tong, Managing Partner of The Asia Group, says a second Trump administration could shift productive capacity away from China, while a Harris administration could see a continuation of Biden’s policies on technology denial.
Really it doesn’t matter who wins lol they all the same containing and preventing China from rising but it’s too late too little, tarrifs won’t work,it might hurt for a while but long term it don’t matter lol.
Good luck trumpy with the tariffs
And you have no comment on the larger more expensive government with higher taxes that the dems cause?
The US resort to tariff, trade war and economic sanctions to force other countries to comply to US interest and US foreign policy to its whim.
Whichever parties that is in power, the US will still want to promote the agenda of the US as the hegemonic power and the other countries be subservient to the US.
China is strong enough to withstand any fallout of the US political chaos.
US is utterly bonkers in imposing trade tariffs on imported goods in the form of economic sanctions and trade war.
Trump has said he would impose a 10% or 20% tariff on all imports across the board. He has also floated tacking on a specifically high China rate of between 60% and 100%.
The tariffs is a form of tax and the US consumers actually paying for the excess levied on certain goods and commodities sold in the US.
The tariffs will lead to an increase in the price of goods which will ultimately be borne by US consumers.
The US resort to trade war and economic sanctions on other countries and to punish and penalize other countries that the US consider as adversary or competitor.
Since 2018, Trump reignites the China trade war with tariffs on $200 billion of Chinese goods would increase to 25%.
Joe Biden has kept the tariffs in place since becoming President in 2020.
The Biden administration has imposed tariffs certain Chinese imports with rates as high as 100% for EVs.
The US 100% levy on China EV’s is being used as a weapon to achieve US political and economic objectives even though China has not export EVs to the US thus far.
It is the prerogative of the US to impose new trade tariffs on EVs and other China green energy imports.
In the game of brinkmanship during the US election, Trump up his antic by threatening other countries with 100% tariff if they do not make use of the US dollar.
Absolutely bonkers!