Experts question effectiveness of Biden's policies towards China.

1 min read
Source: Vox.com
Experts question effectiveness of Biden's policies towards China.
Photo: Vox.com
TL;DR Summary

President Biden's approach to industrial policy might not only undermine other commitments but also fail on its own terms to bring huge numbers of jobs building things like solar panels and semiconductors back to the US. Biden's signature climate bill, the Inflation Reduction Act, extensively favors US industry in a way that has provoked mass outrage from foreign governments, including close allies. Biden seems to be joining Trump in turning America inward, at least economically, and undermining the open trade regime that their predecessors from both parties worked for decades to build.

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