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.

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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.

  • blazera@lemmy.worldEnglish
    26·
    6 months ago

    hate self fulfilling prophecies, people act like they dont have free will.

    • Trashboat@lemmy.blahaj.zone
      4·
      6 months 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
        15·
        6 months 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@kbin.social
      2·
      6 months 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.

      • blazera@lemmy.worldEnglish
        12·
        6 months ago

        how many times have you had to wave away active villainy by comparing him to ice cream?

      • blazera@lemmy.worldEnglish
        0·
        6 months 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.