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.
The reason why you’re saving on Chinese cars is because of huge government subsidies on their side, so they don’t play by the rules of the free market either.
Nobody has ever played by the rules of the free market. It’s been a scam from day one.
I mean, Our government could do the same thing to keep costs low and competitive instead of just making them more expensive for everyone.
Government giving money vs government getting money
Yeah, basically the same thing 👍
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So? I never said the USA plays by the rules, I even used the word “either” in my previous reply.
I think what they’re saying is that both countries are subsidising the industries.
Chinese companies are thinking ahead and using the subsidies to sell more vehicles
American companies are, surprise-sur-fucking-surprise, stealing the subsidies to make a few billionaires richer
The reason you’re saving on the running costs of a gas car is because of huge government subsidies on the fossil fuel industry.
Show me where I said the USA doesn’t do something similar
It’s funny how everyone tries to make China subsidizing cars for its population a bad thing. The US should bet taking note. Taxes should be used to help the population, not the people in charge of the population.
China’s public education, public health care, public housing, and public mass transit: Evil Subsidies
America’s $7500 tax credit: Sensible free market EV incentive
Then the US should match that and subsidize Electric Vehicles. Everyone wins.
Also uiger slavery
It’s a free market.
So is imposing tariffs then
And as a free market, I should choose if I want to pay them.