Biden Reverses Decades of Chinese Trade Policy

[applegrove]

Biden Reverses Decades of Chinese Trade Policy

December 26, 2022 at 5:06 pm EST By Taegan Goddard 1 Comment

https://politicalwire.com/2022/12/26/biden-reverses-decades-of-chinese-trade-policy/

"SNIP........

Politico: “The new federal rules, executive orders and pending legislation aimed at China’s high-tech sectors, which began this fall and will continue in 2023, are the culmination of years of debate spanning three administrations.”

“Taken together, they represent an escalation of former President Donald Trump’s tariffs and trade disputes against Beijing that could ultimately do more to slow Chinese technological and economic development — and divide the two economies — than anything the 45th president did while in office.”

........SNIP"

[Renew Deal]

1. I'm not convinced these trade wars are the way to go

But if you’re going to do it go big and claim you did more than the republicans. They hate to be in the wrong side of being weak.

[Red Mountain]

2. They're an unfriendly rival

I wish it weren't so but that's the way it's turning out. We're fully tethered together in many ways but spinning faster and faster away from our central connection.......trade.

They'll find ways to get what we seek to hold back.....but no point in making it easy for them. We need to form stronger ties with their regional opponents and India.

Realpolitik.

[orthoclad]

3. US-China trade war helped start the Ukraine war

With the heavy tariffs on foodstuffs such as soy and wheat, we turned China from a trading partner to an enemy, who had to turn to Russia to feed their huge population.

And where would Putin go for all this extra grain, but the breadbasket of Europe?

We should have restored the pre-Trump agricultural trade policies with China instead of driving them into Putin's arms. And saved US farmers from relying on govt handouts/subsidies.

[OAITW r.2.0]

4. I remember the great opening of the masses to world trade,

I was in China , more than a few times, from 92 through 2016, I remember when Chinese folks would approach me at Panyo's bar in Zhongshan to practice conversational English with me, They thought Bill Clinton was a rockstar.

The hope for the future was there.....the Party pendulum has swung the other way today and it now views the world as its enemy....because that's what authoritarians do. So sad for the many people who I still regard as friends there.

[Xolodno]

5. I was going to write something that would piss everyone off...

...decided it wasn't worth the effort.

The Cold War "was" over, but certain old thinking and conservatives managed to bring it back. We have fucked ourselves.

[roamer65]

6. China has one year of hell coming.

Let’s see what it’s like after it.

🦠🦠🦠🦠🦠🦠🦠🦠🦠🦠🦠🦠