US Treasury Official Calls for Stronger Defenses Against China's Industrial Overcapacity
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#ac1676e0 ver:0.86
The US Treasury calls for stronger defenses against China's industrial overcapacity, as the Biden administration plans to increase tariffs on electric vehicles, solar panels, steel, and aluminum. The US government warns of economic risks and seeks collaborative solutions with global partners. China's excess capacity is seen as a threat to American manufacturers and the global economy. The US aims to address China's negative economic spillovers and protect its firms, workers, and economic resilience. Tariffs are part of the effort to create breathing space for US industries, but more creative actions may be necessary. #China #TradeWar #IndustrialOvercapacity #Tariffs...
#newstr #Us #China #Overcapacity #Trade #Tariffs
https://here.news/story/ac1676e0?ver=0.86
China Threatens Retaliation Against EU Investigations, Targeting Wine, Dairy, and Aircraft /
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2024-07-11 02:01:16
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2024-07-11 02:01:16Event JSON
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"content": "US Treasury Official Calls for Stronger Defenses Against China's Industrial Overcapacity\n===============\t\n#ac1676e0 ver:0.86\n\nThe US Treasury calls for stronger defenses against China's industrial overcapacity, as the Biden administration plans to increase tariffs on electric vehicles, solar panels, steel, and aluminum. The US government warns of economic risks and seeks collaborative solutions with global partners. China's excess capacity is seen as a threat to American manufacturers and the global economy. The US aims to address China's negative economic spillovers and protect its firms, workers, and economic resilience. Tariffs are part of the effort to create breathing space for US industries, but more creative actions may be necessary. #China #TradeWar #IndustrialOvercapacity #Tariffs...\n\n#newstr #Us #China #Overcapacity #Trade #Tariffs \n\n https://here.news/story/ac1676e0?ver=0.86",
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