Receiving subsidies or tax cuts for investment into new manufacturing is nothing new

I hope you do realize whom they subsidized for over 40 years in the end: the Western consumer. I hope you also realize what the competition is mainly about: outright commodities like steel, commodity products like consumer goods, solar panels or cheap entry EVs. Strategic items have never been shared with China to start with and eg chips people talk about are those from your washing machine. Ask Nvidia whether they share their top chip tech with China. No need for Biden to tell them. But let's build barriers and increase the cost of the consumption basket to stoke inflation and reduce…  Read more disposable income. For what? Well, in order to build simple products at home that require mostly low education, low skills, low wages. It's an alternative to invest in education, innovation, infrastructure. And let's be honest: it gets votes from people who don't see through it.