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submitted 6 months 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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[-] evergreen@lemmy.world 5 points 6 months ago

Ive never seen any credible evidence of an actual transfer of funds to Stein from Russia, but there is definitely evidence that they support her in order to siphon votes from the Democratic candidate. U.S. elections affect the entire world and it is no surprise that enemies of the U.S. are going to use every resource they can to alter the results in their favor.

https://www.nbcnews.com/politics/national-security/russians-launched-pro-jill-stein-social-media-blitz-help-trump-n951166

https://www.intelligence.senate.gov/sites/default/files/documents/Report_Volume2.pdf

[-] blazera@lemmy.world 3 points 6 months ago

Ive never seen any credible evidence of an actual transfer of funds to Stein from Russia

alright, that's all Stein is responsible for. Can we vote for ranked choice now?

[-] evergreen@lemmy.world 1 points 6 months ago* (last edited 6 months ago)

Sure but if we fail to succeed, which is highly likely, then we get to plunge the country into fascism, y'all qaeda style sharia law, aiding and abetting Putin, etc. I'm sure you've heard it all though.

this post was submitted on 14 May 2024
337 points (100.0% liked)

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