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.
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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.
Lol he’s beating Trump to it. It won’t help him at all, but it is funny because it will piss the orange asshole off.
I predict Trump will make a day-one promise to remove this tariff calling it terrible, just terrible.
Entirely possible
So Trump can be controlled with reverse psychology, like a 2 year old. Definitely possible.
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The reason why you’re saving on Chinese cars is because of huge government subsidies on their side, so they don’t play by the rules of the free market either.
Then the US should match that and subsidize Electric Vehicles. Everyone wins.
How can anyone see this and not see that the US is a manipulative shithole country? Champion of the free world markets except when they aren’t winning, then closed market manipulation and government interference.
The US hasn’t been ahead for many years and they can’t innovate. So now they just want to keep out actual progress.
