White House levy to protect US makers from cheap imports likely to inflame trade tensions

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.

  • @Xtallll
    English
    12•1 month ago

    And if wishes were pennies, we would all be rich.

      • @Trashboat
        20•1 month ago

        Compared to Trump? You’re absolutely freakin right I am

          • @Trashboat
            11•1 month ago

            Not really, because unless you can convince a majority of Americans to vote third party, which is unbelievably unlikely, then Biden or Trump are the options. On top of that, when you start pulling left wing votes away from Biden, it makes it easier for Trump to win unless you hit the point of majority support, which is again incredibly unlikely. I wish that weren’t the reality, but that’s how it is currently, and I hella do not want another term of Trump as I believe that’d be genuinely ruinous.

              • @Trashboat
                3•1 month ago

                It’s not that I don’t want it to change, it’s that I’m exceedingly doubtful it’ll happen in a single election via a third party unless we get a knight in shining armor that sweeps the voters off their feet. Of the two parties we currently really have a choice between, the Dems are the only one that have a chance of improving the situation, as the republicans are purely regressive. So my hope and what I think is more realistically possible is that they can be a stepping stone towards improving the system in the long run. But if we do get the knight in shining armor that has an actual chance, they’ll get my vote

                • @blazera@lemmy.worldEnglish
                  1•1 month ago

                  Do you understand what i mean by self fulfilling prophecy? There is only one thing that is preventing a third party contender from being seen as viable: not being seen as viable. You’re never going to get a knight in shining armor that has a chance, because you yourself will make sure no one gets a chance.

              • 2fat4that
                2•1 month ago

                Settle down, comrade. You’re not talking me into throwing away my vote by citing my free will lol. The current flavors being sold are vanilla and fascism. Vanilla sounds fine.

              • @Cybermonk_Taiji@r.nfEnglish
                1•1 month ago

                And I hate self deluded fools who can’t see what’s going on in the actual world and instead retreat into fantasy land, but here we are.

                • @blazera@lemmy.worldEnglish
                  1•1 month ago

                  Whats going on in the actual world is a lot of much more representative governments in other countries, with several political parties elected. Theyve got voters with free will that vote for who they want and theyve got way more progressive policies going as a result.

                  • @Cybermonk_Taiji@r.nfEnglish
                    1•1 month ago

                    That has absolutely nothing to do with the current election in the United States and you know that. The future may bring change but this year this is all we fucking have. That’s it.