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submitted 2 years ago by schizoidman@lemmy.ml to c/news@lemmy.world
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[-] UnderpantsWeevil@lemmy.world -2 points 2 years ago* (last edited 2 years ago)

Again, I agree, but my comment was about automobiles.

Nearly 40% of Honda’s automobile production took place in China in the last financial year.

Honda would continue to keep its supply chain in China for the domestic market in the world’s second-largest economy while building a separate one for markets outside of China, the Sankei said. It did not say where it got the information.

That's not "pulling out of China". That's a sign of Chinese domestic automobile consumption rising.

Biden has expanded Section 301 of the Trade Act of 1974 to include more imports.

I haven't seen much to suggest he's enforcing it. These laws are consistently toothless, in the same way more and more of our regulatory system is toothless.

this post was submitted on 27 Jun 2024
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