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.
Google “US subsidies to auto industry”. Add to the numbers . Come and share your result with the class.
So? I never said the USA plays by the rules, I even used the word “either” in my previous reply.
I think what they’re saying is that both countries are subsidising the industries.
Chinese companies are thinking ahead and using the subsidies to sell more vehicles
American companies are, surprise-sur-fucking-surprise, stealing the subsidies to make a few billionaires richer