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.

you are viewing a single comment's thread
view the rest of the comments
[–] 10 points 2 years ago (4 children)

Why should China be allowed to put in place barriers to entry but not the rest of the world?

  • source
  • parent
  • hideshow 4 child comments
  • [+] -7 points 2 years ago (3 children)

    So china is authoritarian and restricts their people's market choices and the solution we are going with is just matching that? Pretty sus

  • source
  • parent
  • hideshow 3 child comments
  • [–] 11 points 2 years ago (2 children)

    Fair trade or no trade. The only way little kids learn to play fair is if the other kids stop playing with them when they cheat.

  • source
  • parent
  • hideshow 2 child comments