It’s hard to miss the time-warp dynamic surrounding the US-China trade war as it intensifies in real-time.
Take US President Joe Biden’s recent move to quadruple tariffs on China-made electric vehicles to 100% and ratchet up import taxes on China’s advanced batteries, solar cells, construction cranes, medical equipment, aluminum and steel.
Here, Biden is reading from the Trumpian playbook dating back to the mid-1980s. And it’s a bad pivot by a White House that started out pledging to raise America’s competitive game and resist the protectionist policies that characterized Trump’s 2017-2021 presidency.
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