Business, Economic policy, Economics, Global economy, International trade, US economy, Chinese economy, China Business | The Guardian
Protectionism in the form of tariffs is justified but the focus will be on whether Beijing retaliatesThe global economy is fragmenting and a new era of protectionism has dawned. Dreams by free marketeers of a frictionless world in which goods and services moved seamlessly from country to country are dead.That was the clear message from Joe Biden’s decision last week to target China with a range of new, much higher tariffs on electric vehicles and a range of other products crucial to sectors seen by the White House as vital to the future health of the US economy and to national security. Continue reading…
Protectionism in the form of tariffs is justified but the focus will be on whether Beijing retaliates
The global economy is fragmenting and a new era of protectionism has dawned. Dreams by free marketeers of a frictionless world in which goods and services moved seamlessly from country to country are dead.
That was the clear message from Joe Biden’s decision last week to target China with a range of new, much higher tariffs on electric vehicles and a range of other products crucial to sectors seen by the White House as vital to the future health of the US economy and to national security.
