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submitted 2 years ago by MicroWave@lemmy.world to c/news@lemmy.world

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.

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[-] SmilingSolaris@lemmy.world 3 points 2 years ago
[-] fritobugger2017@lemmy.world 10 points 2 years ago

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

[-] UnderpantsWeevil@lemmy.world 0 points 2 years ago

If China can sell us cheap, efficient electric cars but we can't sell them expensive gas-guzzling ICE vehicles, it creates an unfair competitive advantage for a Chinese fleet.

[-] Weslee@lemmy.world 4 points 2 years ago

On the other hand, the cheap Chinese cars are the result of a long chain of slavery and exploitation

this post was submitted on 14 May 2024
347 points (98.3% liked)

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