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.