In the 1980s, the U.S. imposed a 100% tariff on virtually all Japanese electronics and forced Tokyo to sign a one-sided trade deal that reserved much of its domestic semiconductor sector for American companies.
Tag Archives | trade
The incoming Biden administration is under tremendous pressure to demonstrate better U.S. economic management. Trade negotiations normally take years to conclude, if at all. Unsurprisingly, lobbyists are already urging the next U.S. administration to quickly embrace and deliver a new version of the Trans-Pacific Partnership (TPP).
The propaganda surrounding COVID-19 and China’s response is only the latest escalation in a long term geopolitical strategy by U.S. imperialism to destroy it. Few people on the left or the socialist movement in the imperial core have been paying attention to the historic breakup of the U.S.-China relationship.