- cross-posted to:
- usnews@lemy.lol
- cross-posted to:
- usnews@lemy.lol
White House levy to protect US makers from cheap imports likely to inflame trade tensions
The US president, Joe Biden, has announced a 100% tariff on Chinese-made electric vehicles as part of a package of measures designed to protect US manufacturers from cheap imports.
In a move that is likely to inflame trade tensions between the world’s two biggest economies, the White House said it was imposing more stringent curbs on Chinese goods worth $18bn.
Sources said the move followed a four-year review and was a preventive measure designed to stop cheap subsidised Chinese goods flooding the US market and stifling the growth of the American green technology sector.
…
Despite the risks of retaliation from Beijing, Biden said the increased levies were a proportionate response to China’s overcapacity in the EV sector. Sources said China was producing 30m EVs a year but could sell only 22-23m domestically.
GM and Ford manufacture in China. It doesn’t affect American designed and Chinese produced vehicles, only companies that are based in China.
These “free market” arguments keep missing the key detail. Reading is hard.
I don’t remember China subsidizing American products and then shipping them back to us.
Why do you think that might be ?
One funnels money into American business, the other into the Chinese government. It’s not some secret plan. It’s clearly declared.