This podcast episode explores the approach of both President Biden and former President Trump towards economic competition with China. Surprisingly, Biden's stance aligns with Trump's views, as he believes that China is cheating in trade and aims for fair competition. Biden has built on Trump's anti-China moves and is on the verge of his own trade war with China. The episode discusses the economic concerns and motivations behind Trump's approach, including his belief that China caused a $500 billion trade deficit with the US through cheating. It also delves into the impact of tariffs imposed by both presidents and questions their effectiveness. Biden's strategy in dealing with China's tariffs, particularly in the clean energy sector, is examined, raising concerns about the potential impact on clean energy goals. The episode also highlights the United States and Europe lagging behind China in clean energy technology and discusses the return of industrial policy in the US. Overall, this episode highlights the escalating economic competition with China and the different approaches taken by the two presidents.
