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Biden calls China a 'ticking time bomb' due to economic troubles (ground.news)

submitted 1 year ago by [email protected] to c/[email protected]

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[–] [email protected] 2 points 1 year ago (1 children)

If you look at imports by sector, high tech manufacturing still occurs in China by an overwhelming margin. The input material supply chains are such that if retaliatory sanctions began in the trade war, you would see $10k basic televisions stateside.

[–] [email protected] 1 points 1 year ago* (last edited 1 year ago)

Didn't the trade wars already start under Trump, and then get intensified under Biden with the CHIPS act/restricting microprocessor imports to China? China retaliated by restricting microprocessor raw materials to the US and Chinese companies ordered 5 billion USD in microprocessors