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2024 m. gegužės 15 d., trečiadienis

What was the main America's president Biden's mistake

You are saying Afghanistan or Ukraine? Wrong on both. Mr. Biden is trying to stop Chinese fast train with bare hands. Wrong decision:

"Alarm about Chinese economic practices has been building within the Biden's administration for months. Under Biden, the U.S. has been spending billions to build up domestic manufacturing capacity for electric vehicles, semiconductors, solar panels and other industries where China is dominant.

The Chinese officials doubled down on production in the same industries the U.S. was targeting. The fear among Biden administration officials is that Chinese manufacturing is powerful enough to push down prices globally, undercutting nascent U.S. companies and putting the Biden administration's subsidies to waste." [1]

America in previous Obama's administration tried to do this with solar panels (Solyndra). It ended badly for those panels, and for Obama.


1. U.S. News: Biden Levies Sweeping Tariffs on China --- Steel and aluminum products are hit as both political parties embrace barriers. Duehren, Andrew; Restuccia, Andrew. Wall Street Journal, Eastern edition; New York, N.Y.. 15 May 2024: A.2.

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