US Needs Stronger Defenses Against China's Overcapacity, Treasury Official Says
===============
#ac1676e0 ver:0.81
The US must strengthen defenses against China's overcapacity, says Treasury official. The Biden administration plans to increase tariffs on electric vehicles, solar panels, steel, and aluminum. China's excess capacity threatens American manufacturers and the global economy. The US aims to contain China and restore stability to the international order. Tariffs are part of the solution, but more creative actions may be needed. The US must avoid economic vulnerability and rebuild its manufacturing prowess. Smart tariffs create breathing space for US industries. Traditional trade defense measures may not be enough. Bipartisan lawmakers call for new legislation, and a new effort with Mexico combats China's circumvention of tariffs. China must address concerns or face defensive action. #USChinaTradeWar #ExcessCapacity #Tariffs #Manufacturing #NationalSecurity...
#newstr #UschinaTradeWar #ExcessCapacity #Tariffs #ElectricVehicles #SolarPanels #Steel #Aluminum #ProtectionistPolicy #FinancialAid #EmergingIndustries
https://here.news/story/ac1676e0?ver=0.81
China Threatens Retaliation Against EU Investigations, Targeting Wine, Dairy, and Aircraft /
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2024-07-10 21:01:45
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2024-07-10 21:01:45Event JSON
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"content": "US Needs Stronger Defenses Against China's Overcapacity, Treasury Official Says\n===============\t\n#ac1676e0 ver:0.81\n\nThe US must strengthen defenses against China's overcapacity, says Treasury official. The Biden administration plans to increase tariffs on electric vehicles, solar panels, steel, and aluminum. China's excess capacity threatens American manufacturers and the global economy. The US aims to contain China and restore stability to the international order. Tariffs are part of the solution, but more creative actions may be needed. The US must avoid economic vulnerability and rebuild its manufacturing prowess. Smart tariffs create breathing space for US industries. Traditional trade defense measures may not be enough. Bipartisan lawmakers call for new legislation, and a new effort with Mexico combats China's circumvention of tariffs. China must address concerns or face defensive action. #USChinaTradeWar #ExcessCapacity #Tariffs #Manufacturing #NationalSecurity...\n\n#newstr #UschinaTradeWar #ExcessCapacity #Tariffs #ElectricVehicles #SolarPanels #Steel #Aluminum #ProtectionistPolicy #FinancialAid #EmergingIndustries \n\n https://here.news/story/ac1676e0?ver=0.81",
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