Newman points out that Biden's announcement came as"the whole political world in the United States now is tough on China."
"I think Trump does have a knack for putting his finger on something that is wrong," Newman says, but notes that the former president's"prescription was wrong."Yahoo Finance's Rick Newman is joining us now with his takeaways on the China tariff news today, Rick. I mean, it was literally thousands of product lines, and Biden is like 15 product lines, and it really is targeted.And this does line up with other and policy areas, which is, uh, build out semiconductor supply chain here in the United States.There are a few medical items on there because of what we learned during the pandemic, which is where all this stuff came from.So, um, so Biden has said, Well, we need to just build these as these assembly lines here in the United States.
That's tax breaks that go to the bottom line of private sector companies that that start building these, uh, you know, green energy factories, electric vehicle, ba, uh, factories.I mean, we've been talking about semi con, you know, semiconductor, uh, plants in New York in Ohio and Arizona.