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.
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.
That’s a hell of a sentence :) I guess we can agree on some things… Tarrifs on china, truly bipartisan…
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.
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.
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.
Hopefully never.
As an Australian it would’ve been one of the worst things to happen to us in a long time.