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.

              • Trashboat@lemmy.blahaj.zone
                0·
                6 months ago

                Not really, because unless you can convince a majority of Americans to vote third party, which is unbelievably unlikely, then Biden or Trump are the options. On top of that, when you start pulling left wing votes away from Biden, it makes it easier for Trump to win unless you hit the point of majority support, which is again incredibly unlikely. I wish that weren’t the reality, but that’s how it is currently, and I hella do not want another term of Trump as I believe that’d be genuinely ruinous.