It’s always better to do business with people than to pick fights with them. But this piece of common sense seems to have dropped out of the brains – if they have them – of American congressional and white house leaders. During his presidential tenure, Donald “The Tariff Man” Trump slapped tariffs on washing machines, aluminum, steel, solar panels and other goods, totaling $380 billion worth of trade from China, the U.S.’s third biggest trading partner. That amounted to a tax increase of $80 billion. Not to be outdone in the stupidity sweepstakes, Joe “Copycat” Biden added his tariffs. They affected batteries, steel, aluminum, semiconductors, solar cells, electric vehicles, critical minerals and more.
The USSR is gone bud. It’s a capitalist hellhole now.