alt Hacker NewsThe US government has really handled this poorly. Let's take one of our closest allies and push them into the arms of our biggest rival. All while helping boost that rival's total exports to record numbers. And boosting their universities to top positions in world rankings. Just brilliant, guys. "Make America Great Again" sure seems like it was intentionally tongue-in-cheek.
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1970-01-01 • today at 7:12 PM
The decision for slapping 100% tariffs on Chinese EVs was made by the Biden administration in 2024.
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The exports argument is so bloated.
US has thrived economically for 5 decades after becoming an import economy.
This whole export/import balance is such a lame reasoning...yes you've spent a certain amount of $...and got plenty of stuff in exchange. In the words of some economist I've read "by Trump's reasoning my barber is also taking advantage of me because I cut my hair every month and he never buys anything from me".
Last but not least, services are never included in these trade balance arguments. How much money flows to US through their financial and IT services alone...?