This is an example how US corporations will skirt around the US's trade war with China. China is still a great place to outsource for US companies. Teslas can be the same price as in China and the US but they make more profit from the ones made in China. I'm sure Trump if he wins a second term will try to prevent that from happening. Can he tax cars that don't touch the US at all? Just like he wrongfully thought the US made billions in tariffs on Singles Day in China? I'm sure he can punish US corporations in some way but then those companies will soon not be US companies. It will be the end of the US because it will no longer be capitalism.
Biden is talking about a 10% tax on any US company that outsources and then tries to sell it in the US. In other words a 10% tariff without the bull. They're saying Biden is talking about China without saying it. Now will that be on top of what the US already has on China because of Trump? Good luck with that since the media is reporting that Biden will most likely keep Trump's tariffs on China. The news is reporting now how Trump trade war is a failure in assessing his running for a second term. Most likely it means he's planning to retract Trump's tariffs on the most part because they ain't working now and everyone except Trump say the Americans consumer pays the tariff so why add 10% on top of it. Trump could've just said it was a tax on imports but he wanted to send a message to China to which China had to retaliate. I think the world would've been a much more calmer place if Trump said it was a tax on Americans companies that import.