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 $18bn.
Sources said the move followed a four-year review and was a preventive measure designed to stop cheap subsidised Chinese goods flooding the US market and stifling the growth of the American green technology sector.
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Despite the risks of retaliation from Beijing, Biden said the increased levies were a proportionate response to China’s overcapacity in the EV sector. Sources said China was producing 30m EVs a year but could sell only 22-23m domestically.
That won’t make US made EV cheaper. China relies on what is basically slavery as well, if that’s what you want for US factory workers in order to be able to buy a car for cheap car then I think you don’t have your priorities straight…
I think you might be in a bit of a bubble mate.
https://www.theguardian.com/us-news/2022/jun/15/us-prison-workers-low-wages-exploited
Prison Labour Contribute 11bn to the US economy.
Right, those prisoners working unionized jobs in car factories
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My comment wasn’t about Uyghurs specifically but Chinese work conditions in general
Tell me how much money the CEOs make then tell me how much worker wages have to do with how expensive the cars are.
GM’s CEO makes 28m/year
A drop in the bucket with their 170b in revenue
Their factory workers make way over 20$/h, some make way over 50$/h.
How much do you think Chinese factory workers get paid?