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Strategies & Market Trends : The Financial Collapse of 2001 Unwinding
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To: Elroy Jetson who wrote (12815)7/17/2024 2:02:43 AM
From: elmatador   of 13783
 
While Trump's trade war rightfully receives a lot of attention, his last year in office was arguably his most active with a rush of financial sanctions, trade blacklisting, and Executive Orders targeting China.

—The Biden Administration sustained that higher level of actions against China and has even beat the Trump Administration's sanctions and blacklisting records with a year left in Biden's first term for more measures. Gerard DiPippo and I cataloged these actions across administrations.

— Biden isn't talking about 60% tariffs but our Bloomberg News colleague Mackenzie Hawkins reports his Administration may be considering higher tariffs on EVs, clean-energy products, and older-generation semiconductors. We're also expecting an Executive Order on protecting sensitive personal data, and the roll-out of a regime screening US investment in China.

— All this means that regardless of who wins in November, China is likely to face sustained US pressure. That comes at a bad time for Beijing, with its economy already facing challenges -- including deep economic pessimism and property sector troubles.

https://www.bloomberg.com/news/articles/2024-07-16/us-tariffs-at-60-would-halve-china-s-growth-rate-ubs-says?embedded-checkout=true
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