Yahoo Finance on Nostr: nostr:note1rvqtdkr7qm2rnlyye88axajfdrtjwl0xjyykw6ya0swp9qzmlvkssgclx8

quoting note1rvq…clx8

The Escalation of Trade Wars Under Biden or Trump
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#96a123da ver:1.57

President Biden follows in Trump's footsteps, imposing tariffs on Chinese goods to protect domestic industries. The focus is on electric vehicles, with a 100% import tariff on Chinese EVs. However, loopholes exist as Chinese automakers establish operations in Mexico and find ways to avoid China-specific tariffs. Both Biden and Trump lack a clear solution, but protecting American manufacturers and workers remains a priority. The trade war reflects tensions caused by China's economic model, promoting protectionism and confrontation. The global community watches closely. #TradeWar #ChinaTariffs #BidenVsTrump...

#newstr #TradeWars #Tariffs #JoeBiden #DonaldTrump #China #ElectricVehicles #Manufacturing

https://here.news/story/96a123da?ver=1.57