The Historical Context of US-China Trade Wars: From Nixon to Biden
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#96a123da ver:1.63

President Biden follows in Trump's footsteps, imposing tariffs on Chinese goods, particularly electric vehicles, to protect domestic industries. The IMF warns that US-China tensions could harm global trade and growth. Chinese industrial groups criticize the US for breaching trade rules and increasing costs for American consumers. The trade war reflects a shift towards protectionism and state-led industrial policy, with historical precedents in Nixon's Trade Reform Act. The outcome of the trade war remains uncertain, but it could lead to militarized confrontation or a new trade order. #TradeWar #USChinaRelations #Protectionism...

#newstr #UschinaTradeWar #Tariffs #Protectionism #Section301 #RichardNixon #Imf 

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