Neoliberalism shouldn’t be seen as a doctrine but as a stage of capitalism, in which policies are shaped by the current context, with the intention of mantaining the current status quo. Free trade made sense for imperialist core countries because its industries were much ahead than the rest of the world, thus free trade made it easier to conquer international markets. Now that China has caught up, free trade fundamentalism is no longer the correct strategy.
Biden also implemented tariffs to China tho.
Neoliberalism shouldn’t be seen as a doctrine but as a stage of capitalism, in which policies are shaped by the current context, with the intention of mantaining the current status quo. Free trade made sense for imperialist core countries because its industries were much ahead than the rest of the world, thus free trade made it easier to conquer international markets. Now that China has caught up, free trade fundamentalism is no longer the correct strategy.