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.

  • @[email protected]
    11•7 months ago

    Trump would be no better. If I had to make a rough scorecard it would be Biden 55 and Trump about 4.

    • @blazeraEnglish
      -8•7 months ago

      The only two people that exist in the world

      • 2fat4that
        2•7 months ago

        Welcome to the two-party system. If you’d ever like that to change, you have a better chance of doing that with a democrat majority.

      • @[email protected]
        1•7 months ago

        You can vote for me and I wouldn’t mess it up as much as Biden or especially Trump. But 2 votes aren’t enough to beat millions.

      • @toasteecupEnglish
        9•7 months ago

        It’s sad that for anyone to vote for a candidate in the US it actually is Trump or Biden.

        You’re welcome to say 3rd party all you want but that 1% of the vote ain’t saying much good.