There is a misconception that US businesses only choose China to manufacture goods because of cheap labour. That may have been the case in the 1990s but China itself is now a big market that generates revenue and has potential for business wide growth in areas like R&D.

There are signs banks will be pushed down the pecking order in Washington’s new mission to bring jobs and industries home

agree. i hope that this is a real priority for Biden. but Biden has been fully onboard with prior policies for decades. part of Obama that bailed banks and had too big to jail policies. also, Yellen as Tsy Secy is more of same. really want to see this change, so hoping it does

Interesting article about a possible shift in Washington policymaking circles from a Wall-Street-dominated trade policy to one in which the interests of American producers, workers, and businesses take precedence.

Observers say financiers have dominated US trade policy since the 1980s but their influence appears to be on the wane