What's happened
As the US presidential election approaches, trade policy remains a contentious issue. Kamala Harris leads in polls, but her stance on tariffs and China contrasts with Donald Trump's more aggressive approach. The ongoing reshoring trend and rising protectionism are reshaping global trade dynamics.
Why it matters
What the papers say
The South China Morning Post highlights the political divide in the US regarding trade policy, noting that both Kamala Harris and Donald Trump have differing approaches to tariffs on China. Harris is seen as a continuity candidate, likely to maintain Biden's policies, while Trump may advocate for more aggressive measures. Business Insider UK discusses the reshoring trend as a response to geopolitical risks and supply chain vulnerabilities, emphasizing the economic implications of rising protectionism. The articles collectively illustrate the complex interplay between domestic politics and international trade dynamics, with significant implications for the global economy.
How we got here
The US has seen a shift in trade policy since the Trump administration, which initiated a trade war with China. The pandemic and geopolitical tensions have further complicated supply chains, prompting a rise in protectionist measures and reshoring initiatives.
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Joseph Robinette Biden Jr. is an American politician who is the 46th and current president of the United States. A member of the Democratic Party, he served as the 47th vice president from 2009 to 2017 and represented Delaware in the United States Senate
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Donald John Trump is an American politician, media personality, and businessman who served as the 45th president of the United States from 2017 to 2021.
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Kamala Devi Harris is an American attorney and politician who has served as the junior United States Senator from California since 2017.
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China, officially the People's Republic of China, is a country in East Asia. It is the world's most populous country, with a population of around 1.4 billion in 2019.
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The United States of America, commonly known as the United States or America, is a country mostly located in central North America, between Canada and Mexico.