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.
Are all americans just born with a disability that makes them incapable of voting for someone outside of 2 parties? The other countries are proof of the possibility you insist is impossible. Howd they do it, huh?
We’re in the future, we’re in a future several decades past people like you saying we have no choice but to vote for one of two people. Why would you think the future would bring change as you fight against any attempt at change? Cant wait for 2040, trump jr vs a banking lobbyist