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Huawei, which had been crippled by U.S. sanctions in 2019, has bounced back, spearheading demand for China-made chips and challenging Apple (AAPL.O) in the China smartphone business and Tesla (TSLA.O) for EVs.
using tariffs to boost your productive capacity
waiting for someone else's tariffs to boost your productive capacity
Joe Cash reports on China’s economic affairs, covering domestic fiscal and monetary policy
I love nominative determinism
China take a L challenge (LITERALLY IMPOSSIBLE)
In response to the tariffs, Chinese state media have shot back, accusing the United States of subverting its own free trade principles and taking action that threatens climate goals and will push up costs for American consumers.
💅
Maybe I've just got too much brainrot but reading "troll" being used as a verb by mainstream news is very funny. Also big China W as always.
Biden has said he wants to win this era of competition with China but not to launch a trade war, and U.S. officials have looked to engage Beijing on limited areas of cooperation, including climate change.
US government agents can say literally whatever the fuck they want even if it is the exact opposite of reality.
"The thing about this Biden initiative is that it is election driven," said Wang. "It is different to what Trump did, as he had already been president for one year and so was pursuing a trade war, rather than election."
It feels kind of bad to know that the average liberal is such a seething sinophobe that this might actually work and override any concerns they have about cost of living.