Hi, Shrewd!        Login  
Shrewd'm.com 
A merry & shrewd investing community
Best Of PoliticsBest OfAll BoardsThe Shrewd’m WeeklyLearn to InvestHow to Become Shrewd
Search
Shrewd'm.com Merry shrewd investors
Search
Best Of PoliticsBest OfAll BoardsThe Shrewd’m WeeklyLearn to InvestHow to Become Shrewd


The week's question
In December 2024, in the thread "Re: BRK: Why Not XOM?", BreckHutHigh asked the members: "What about the long road trips with kids?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
Answer this questionContinue to Shrewd'mThis note won't appear again
Halls of Shrewd'm / US Policy
Unthreaded | Threaded | Whole Thread (74) |
Author: albaby1 SILVER
SHREWD
  😊 😞

Number: of 84361 
Subject: Re: Trade deal with China reached
Date: 05/12/25 12:35 PM
Post New | Post Reply | Report Post | Recommend It!
No. of Recommendations: 14
I'd say COVID had more to do with it, but whatever.

If you like. Either way, it's not the result of Biden's Administration failing to enforce, but because of other factors that made it all-but-impossible for U.S. exporters to actually take advantage of that two-year window. Whether because of the damage inflicted to U.S. exporters over the previous two years of the trade war, the unexpected occurrence of COVID, or the poorly structured deal that only resulted in a two year commitment in the first place: the seeds of failure were planted long before Biden was elected.

The broader point still stands - we were doing nothing to lessen our dependence on China for critical things.

Do you not recall the CHIPS Act? The local preference requirements of the Inflation Reduction Act that were interwoven into that industrial policy? There are smart ways to go about a targeted lessening of dependence on China for critical things - including but not limited to broadening our import sources to other low-cost producers to diversify our sourcing. Here's an idea: we could enter into trade agreements and mutually beneficial open-market trading arrangements with other counties in Southeast Asia that would both diversity our sourcing and help check Chinese regional hegemony. We could call it a trans-Pacific partnership, for example. Or we could use industrial policy to encourage domestic production of critical industries regardless of whether that's the free market outcome - although that would involve the government "picking winners and losers."

Post New | Post Reply | Report Post | Recommend It!
Print the post
Members reply directly to albaby1 here — and replies get answered. Reading is free; so is joining the conversation. Join Shrewd'm »
This community has written 84,309 posts about US Policy. The article-length ones it recommended most:
It's going to get worse · 33 recs · 2025
G’day Donny · 30 recs · 2026
Old Related Story · 28 recs · 2026
HCR is a national treasure · 27 recs · 2025
Fascism in America · 27 recs · 2025
Unthreaded | Threaded | Whole Thread (74) |


Announcements
US Policy FAQ
Contact Shrewd'm
Contact the developer of these message boards.

Best Of Politics | Best Of | Favourites & Replies | All Boards | Followed Shrewds | Open Questions | Moving a community