- cross-posted to:
- usnews
- cross-posted to:
- usnews
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.
They’ll just make all the parts and send them to the US for assembly.
Or Mexico. And honestly I’m fine with that. Create some jobs outside of China for a change.
China has been pretty well known for bringing in their own workers on foreign construction projects. They’re unapologetically nation building. I could easily see them continue to do so with manufacturing.
I wouldn’t be surprised to find out a majority of US cars are manufactured with Chinese parts. The US is absolutely not nation building. The rust belt has been exported and nobody really wants to bring it back.