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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[–] -1 points 2 years ago (2 children)

It is artificially cheap here when compared to other major countries. What's your point?

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  • [–] 4 points 2 years ago (1 child)

    The point is you're also enjoying artificially cheap shit. The only difference is do you want artificially cheap oil or artificially cheap EVs. I know what choice Id make.

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