Why is Biden ratcheting up the trade war with China? | Counting the Cost
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Published 2024-05-23
President Joe Biden says he will not allow China to "unfairly control the market".
In the run-up to November's elections, he has sharply raised tariffs on Chinese imports ranging from electric vehicles to solar cells to protect American industries and workers.
Beijing has launched an anti-dumping investigation in response.
And Cuba's sugar industry is in crisis.
Plus, the world faces shortages of critical minerals.
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All Comments (21)
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Don't blame other country's success for your policy failure, shortsightedness, and greedy.
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When US dominate, everyone had to follow WTO guidelines, which created by U.S. when U.S. lose the competition, WTO rules is outdated and don’t need to follow. That’s the U.S. rule based order logic
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so on the first segment, the west is complaining about chinese gov't subsidies and on the last segment the west wants gov't subsidies to mine rare earth... all hypocrisies in one show...
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Bottomline U.S is now losing and its losing hard.
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What level playing field? When it is in favor of the American uneven playing field is ok but when Americans cannot compete it is uneven playing field!?! The whole world can see the American hypocrisy! Turn your back to the American!
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America provided $TRILLIONS to the US banking, Auto, Airline, Insurance and on and on, industries. That's fair? I guess that's fair for the American tax payers. 🤣🤣
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Bottom Line: USA can't compete with China. 😢
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When the world was discussing Global warming, Chinese must have been thinking everyone's going to encourage green tech and EVs and green energy. So they did. Few years later, all the western countries ditched their plan to go net zero. China's only one who really did something good for the world growing the green industry. Subsidising green teck is good. Every country should do it. It's for the greater good!
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Printing dollars bills and exporting to the world the inflation created. Is this level playing field
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When one has over 800 military bases all over the world, one is indeed creating security concerns on other countries. 😊😊😊
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Losing in fair competition is a national security issue to the USA.
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Americans Can't compete
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But China told the whole world what they were planning to do and the US failed to counter that. Now the US is crying foul😅
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American days are over focus on your homelessness and drug problem
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If you're not interested in politics, some news might not be relevant to you. Trust me, politicians often don't prioritize the average person. My advice? Retire early, travel, and, most importantly, make smart investments.
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Loosers have to claim unfair practices because otherwise they would have to admit that they inferior!
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I remember Biden said china can't innovate.😂😂😂😂😂
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When you can't compete, hobble your competitor by whatever means necessary...This has always been US strategy...
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This APAC adviser contradicts himself by saying that China should cooperate with US on GREEN projects and global warming but US is restricting China on GREEN cars and “green spare parts”. This is nothing to do with National Security but hurts America’s own initiative on global warming efforts. Mind you why US enjoys so many years of LOW inflation and PROSPERITY while printing money like a drunken sailor with so many QEs. It’s because China is exporting “low inflation” to US over the years but not through “overproduction”. Not wonder why Janet Yellen can run Fed and now Treasury from an esteemed Ivy League institutions but with such lousy economic argument (as her boss used to criticise about Trump tariffs in the last election). It won’t solve the underlying root cause problems but just passes the bucks to future US administration and US generations. Very irresponsible and selfish acts but this’s the reality of US politics !
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When you have to use tariffs to stop or slow down others from progressing, then you ve lost.