Deceptichum@kbin.social to World News@lemmy.world · 10 months agoChina set to lose crown as top U.S. exporter after 17 yearsasia.nikkei.comexternal-linkmessage-square9fedilinkarrow-up1133arrow-down11file-text
arrow-up1132arrow-down1external-linkChina set to lose crown as top U.S. exporter after 17 yearsasia.nikkei.comDeceptichum@kbin.social to World News@lemmy.world · 10 months agomessage-square9fedilinkfile-text
minus-squareGiveMemes@jlai.lulinkfedilinkEnglisharrow-up11arrow-down1·10 months agoIt’s not like China has any intention of lifting the counter tariffs they put in place, especially with tensions rising over Taiwan, so there’s almost no reason for the biden admin to have done this.
minus-squareBraveSirZaphod@kbin.sociallinkfedilinkarrow-up3arrow-down2·10 months agoReducing inflation by cutting the cost of imports would be one reason. Of course, the consequence of that is that voters in the Rust Belt hate you and you lose re-election, so that explains that one pretty easily.
It’s not like China has any intention of lifting the counter tariffs they put in place, especially with tensions rising over Taiwan, so there’s almost no reason for the biden admin to have done this.
Reducing inflation by cutting the cost of imports would be one reason.
Of course, the consequence of that is that voters in the Rust Belt hate you and you lose re-election, so that explains that one pretty easily.