Biden touts his economic legacy and calls Trump’s planned tariffs a ‘major mistake’

Quick Summary:

Defending his economic record, the departing US president warns that his successor will return the country to trickle-down economics’.

While keeping most of those intact, Biden even added tariffs on another US$18 billion in electric vehicles, semiconductors, solar panels and other imports from China, key tech sectors that Washington and Beijing are vigorously competing in.

I believe we’ve proven that approach is a mistake over the past four years.

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Article Details

Author / Journalist: Kawala Xie

Category: Business

Markets: Hong KongChina

Topics: Tariffs Trump Mistake Impose Trade Believe Billion China Approach Biden American

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-11 @ 06:37:10 (3 days ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 224 words

Reading Time: 2 minutes read

Sentences: 7 lines

Sentence Length: 32 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 24404215

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About SCMP

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Official Website: scmp.com

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Year Established: 1903

Headquarters: Hong Kong

News Last Updated: 18 hours ago

Coverage Areas: Hong Kong

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Publisher ID: #42

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