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.

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[–] 4 points 2 years ago (1 child)

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

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  • [–] -5 points 2 years 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.

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