https://www.whitehouse.gov/briefing-room/statements-releases/2024/05/14/fact-sheet-president-biden-takes-action-to-protect-american-workers-and-businesses-from-chinas-unfair-trade-practices/

  • bumpusoot [any]
    ·
    7 months ago

    US is being seriously outcompeted at its own game by China, and this is it slowly imploding in response. Genuinely think we're on the steep slope of decline of US economic hegemony.

    • Lovely_sombrero [he/him]
      ·
      7 months ago

      This is after passing huge subsidies with the IRA and CHIPS act. Very interesting!

      • DragonBallZinn [he/him]
        ·
        7 months ago

        How the hell did anyone see that law and not think that the rich would just pocket the "subsidy".

        • SSJ2Marx
          ·
          7 months ago

          I seriously don't get it either. Comparing how the US does subsidies to private companies to how China does investment in state owned (whole or in part) enterprises really lays bare how our whole system is just intended to print money for rich people.

      • Teekeeus
        ·
        2 months ago

        deleted by creator