How the U.S. and China Compete in Planes, EVs, Chips and More
Issue #397
19 May 2024
With President Joe Biden’s unilateral tariff impositions on Chinese imports this week, it’s clear that the free market rhetoric which has dominated economic thinking over the past 30 years has now been consigned to the ideological dustbin. Hostile de-globalisation is inherently inflationary, so if we you want to know why cost of living will continue to rise, this video from Wall Street Journal is a useful watch.