I am actually starting to appreciate the election of Trump, I am not a religious person but I also believe things happen for a reason. This is the end of white supremacy, they are self destructing before our eyes. They are showing the whole world who they are, delusional, self righteous, incompetent buffoons whose only trade is racism. It will also be the end of American corporate greed, things will be so bad that at the end of this four years, the American people will be ready to elect a real socialist who cares like Bernie or AOC, the Obama type revolution. This might end up giving us universal healthcare, higher wages, high corporate taxes, paid vacations etc like every other developed country in the world.
Yep. Biden was way better than Trump who thinks we can tariff our way out of the oligarchy. CHIPS and IRA acts were smarter strategy to industrialize but it wasn't going anywhere. That boat sailed. Now Mexico China, EU, Japan -- everyone will retaliate and economies will fragment.
No tariff will make companies reshore to the US. Even at 100% BYDs are cheaper than Tesla.
A Bernie-type might be next you are right once shit hits the fan. The US remains fundamentally broken. The problem is internal and has little to do with China or EU. The tantrums and harassing foreigners will likely drive away talent.