[QUOTE=Rajoo;435922]
Quote:
Originally Posted by Dondilion
So protectionism (aka MAGA) is better for the consumer than globalism?
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Protectionism as a tool has been used successfully many a times... The British, Germans, Americans. Sometimes the consumer has to pay for the overall wellbeing of the worker. Without protection - there goes the social contract of the worker. The US has increasingly become just a consumer supervised by financialists.
Biden saw the Chinese cars coming and raised the tariff from 27 to 100% to protect American workers.
The Chinese have reached a stage in their manufacturing where protectionism against it is a must. That is why Janet Yellin, shouted "
over capacity".