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2024-06-14 08:01:35

China Passes Tariff Law as Tensions with Trading Partners Simmer Amid Escalating Trade War with US on Nostr: US Manufacturing Group Calls for Stronger Protection Against Chinese Imports ...

US Manufacturing Group Calls for Stronger Protection Against Chinese Imports
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#52f5979e ver:1.96

The Alliance for American Manufacturing is calling for stronger trade barriers against Chinese imports, echoing concerns raised by the Biden administration and US allies. They recommend the return of the Section 421 safeguard and changes to allow duties on Chinese import surges. The Biden administration is imposing tariffs on Chinese solar imports and pressuring Mexico not to offer incentives to Chinese auto companies. China's industrial dominance in clean energy is facing challenges as the US opens investigations into solar panel products. However, experts warn that these tariffs may make clean energy products more expensive and slow down the transition to renewable energy. The US and Europe must coordinate their protectionism and subsidies to effectively compete with China. The Biden administration's tariffs demonstrate a strategic approach to lead the clean energy transition and create high-quality union jobs....

#newstr #UsManufacturing #ChineseImports #TradeBarriers #Section421Safeguard #Tariffs #G7 #IndustrialPolicies #Subsidies

https://here.news/story/52f5979e?ver=1.96
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