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Since Trump's election, both parties have gotten nationalist and protectionist. Biden led efforts to protect American companies with subsidies to companies that
by trealira 3y ago
Since Trump's election, both parties have gotten nationalist and protectionist. Biden led efforts to protect American companies with subsidies to companies that bought from American companies in both the CHIPS Act and the Inflation Reduction Act. If export restrictions push manufacturing out of America, I find it entirely plausible that it happened due to the ignorance and/or incompetence of the politicians pushing for them, not because they're secretly pushing for more offshoring and globalization (which politicians like Biden and Trump campaigned against).
- 0xParlay 3y ago[flagged]