U.S. President Joe Biden on Thursday called China a "ticking time bomb" because of its economic challenges and said the country was in trouble because of weak growth.
  • DauntingFlamingo
    41·
    1 year ago

    I agree with everything you’re saying, but one thing: the US imports more from Canada and Mexico because labor land and shipping costs less than production in China

      • DauntingFlamingo
        1·
        1 year ago

        I guess I fail to see the point. There is no person on Lemmy who only uses items native to their country, especially electronics. Criticize whoever you want, but realize the designs and money for the products are almost always coming from a different place as the manufacturing. If your labor is cheap, you don’t attract the best and brightest because those scientists and engineers expect to be paid well. If you attract the best and brightest, cheap labor can’t afford to live near them

          • DauntingFlamingo
            1·
            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