Trump's trade fuckery with China will take years to recover from.

[Budi]

This is why supply and demand is crap right now. Not the truckers vs crane operators

His deal forced Asian countries to trade with each other. They learned it's cheaper and a good payoff. Us companies did not obey him and move production back and now their product is stuck overseas.

Even if Biden has trade talks and rolls back tariffs, it would take years to recover. And that's if those countries chose to go back but their economies are blooming and good for them.
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https://www.supplychainbrain.com/articles/32424-how-china-won-trumps-trade-war-and-got-americans-to-foot-the-bill
How China Won Trump’s Trade War and Got Americans to Foot the Bill

U.S. President Donald Trump famously tweeted that “trade wars are good, and easy to win” in 2018 as he began to impose tariffs on about $360 billion of imports from China. Turns out he was wrong on both counts.

Even before the coronavirus infected millions of Americans and sparked the steepest economic downturn since the Great Depression, China was withstanding Trump’s tariff salvos, according to the very metrics he used to justify them.
Once China got the virus under control, demand for medical equipment and work-from-home gear expanded its trade surplus with the U.S. despite the levies.

While trade tensions between the world’s two biggest economic powers didn’t start under Trump, he broadened the fight with the unprecedented tariffs and sanctions on technology companies. The tougher approach, according to the scorecard that follows, didn’t go as he hoped. But he’s leaving his successor Joe Biden a blueprint of what worked and what didn’t.

“China is too big and too important to the world economy to think that you can cut it out like a paper doll” said Mary Lovely, an economics professor at Syracuse University. “The Trump administration had a wake-up call.”

The U.S. Trade Deficit Grew

Trump vowed in his 2016 election year to very quickly “start reversing” the U.S. goods trade deficit with China, ignoring mainstream economists who downplay the importance of bilateral deficits. However, the deficit with China increased since then, hitting $287 billion in the 11 months to November last year, according to Chinese data.
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[JustAnotherGen]

1. Not surprised

But we still need to set the parts, components, raw materials back to the Chapter Tariffs asap. The sooner the better.

And remember TPP?

His deal forced Asian countries to trade with each other.

Were they forced to? Or did they go into with that trade deal?

I manage global trade for a US Manufacturer. Annual tariffs when up from $2 to $98. We also EXPORT our finished goods - and some go back to China.

The nature of our business made us critical during the work from home environment that C-19 created. While everyone else worked from home, our factory teams AND office teams kept coming in. America needed our Made in the USA cloud products. We were critical.

We will pay our fair share - the chapter tariffs - but 25% on cables? Cables are NOT intellectual property. C'mon. It's freaking cable. And we have at least 100 in a finished cloud rack.

[former9thward]

2. Biden agrees with Trump on China trade

Biden administration pushes China to abide by Trump-era trade deal

WASHINGTON — The Biden administration, breaking its silence on America’s tense economic relations with China, indicated that it is prepared to take a new and potentially more forceful approach with Beijing on trade and on ensuring that China lives up to its commitments, starting with the agreement reached with former President Trump.
The strategy was outlined in broad terms Monday by U.S. Trade Representative Katherine Tai. Analysts described it as an opening salvo in Biden’s efforts to combat an increasingly difficult economic and political landscape as China has become more assertive globally and attitudes have hardened on both sides.

“In recent years Beijing has doubled-down on its state-centered economic system,” Tai said in her first trade policy speech on China after a months-long review of U.S.-China relations by administration officials. “It is increasingly clear that China’s plans do not include meaningful reforms to address the concerns that have been shared by the United States and many other countries,” she added. Among those concerns are China’s practices such as propping up state-owned firms and maintaining other barriers that undercut foreign rivals and distort markets.

Tai, who took office in March, said she was not looking to “inflame trade tensions with China” and would begin by dialoguing with Beijing. But she made clear that a new, pragmatic, worker-centered approach was needed. She was open to employing all tools at her disposal, including creating new ones, to get better outcomes that have eluded past administrations. Tai left open the possibility that the U.S. government may utilize Trump’s preferred weapon in trade disputes with Beijing: tariffs.

https://www.latimes.com/politics/story/2021-10-04/biden-administration-unveils-new-approach-to-china-trade