The Chinese sure love Joe Biden. Every move he makes helps China and hurts the US.
Economist Stephen Moore wrote an oped at FOX News where he shared the following:
With each passing week, it looks like World War III — between America and China — is coming sooner than we think. It’s not going to be fought with bullets or aircraft carriers, although the Chinese are building up their military in an aggressive and threatening way.
This will more likely be an all-out economic war for global supremacy. The yuan versus the dollar. The Nasdaq versus the Shanghai Stock Exchange.
Meanwhile, America is asleep at the switch — at least, the Biden administration is. This is the worst possible time to be raising tax rates on American companies