https://apnews.com/article/biden-china-tariffs-electric-vehicles-evs-solar-2024ba735c47e04a50898a88425c5e2c WASHINGTON (AP) — The Biden administration announced plans to slap new tariffs on Chinese electric vehicles, advanced batteries, solar cells, steel, aluminum and medical equipment — an election year move that’s increasing friction between the world’s two largest economies.
The tariffs come in the middle of a heated campaign between President Joe Biden and his Republican predecessor, Donald Trump, in which both candidates are vying to show who’s tougher on China.
The Chinese government was quick to push back, issuing a statement Tuesday that the tariffs “will seriously affect the atmosphere of bilateral cooperation.” The foreign ministry used the word “bullying.”
The tariffs are unlikely to have much of an inflationary impact because of how they’re structured. Administration officials said they think the tariffs won’t escalate tensions with China, yet they expect China will explore ways to respond to the new taxes on its products. It’s uncertain what the long-term impact on prices could be if the tariffs contribute to a wider trade dispute.
The tariffs are to be phased in over the next three years, with those that take effect in 2024 covering EVs, solar cells, syringes, needles, steel and aluminum and more. There are currently very few EVs from China in the U.S., but officials worry low-priced models made possible by Chinese government subsidies could soon start flooding the U.S. market.
Anonymous
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Chinese firms can sell EVs for as little as $12,000. Their solar cell plants and steel and aluminum mills have enough capacity to meet much of the world’s demand, with Chinese officials arguing their production keeps prices low and would aid a transition to the green economy.
Anonymous
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Under the findings of a four-year review on trade with China, the tax rate on imported Chinese EVs will rise to 102.5% this year, up from total levels of 27.5%. The review was undertaken under Section 301 of the Trade Act of 1974, which allows the government to retaliate against trade practices deemed unfair or in violation of global standards.
Anonymous
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The Chinese economy has been slowed by the collapse of the country’s real estate market and past coronavirus pandemic lockdowns, prompting Chinese President Xi Jinping to try to jumpstart growth by ramping up production of EVs and other products, making more than the Chinese market can absorb.
Anonymous
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The tensions go far beyond a trade dispute to deeper questions about who leads the world economy as a seemingly indispensable nation. China’s policies could make the world more dependent on its factories, possibly giving it greater leverage in geopolitics. At the same time, the United States says it’s seeking for countries to operate by the same standards so competition can be fair.
Anonymous
>>1294974 Didn't democrats hate it when trump put these tariffs on China?
Why don't they hate it now?
Oh wait that's right, because they have no convictions
Anonymous
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Trump tells his supporters America is falling further behind China by not betting on oil to keep powering the economy, despite its climate change risks. The ex-president may believe tariffs can change Chinese behavior, but he believes the U.S. will be reliant on China for EV components and solar cells.
Anonymous
>>1294980 Trump put tariffs on things soybeans and bicycles and baseball hats. Biden puts tariffs on things that matter.
Anonymous
>>1294980 https://www.cnn.com/2024/05/14/politics/new-china-tariffs-biden-trump/index.html >Starting in 2018, Trump imposed new tariffs of up to 25% on foreign-made washing machines, solar panels, steel and aluminum, as well as many Chinese-made goods, including baseball hats, luggage, bicycles, TVs and sneakers. >If he returns to the White House, Trump plans to add to those tariffs by enacting a duty of at least 10% on all imports from all countries, a tariff upward of 60% on all Chinese imports and a 100% tariff on all cars made outside the US. It’s unclear what legal authority the former president would use to implement such widespread tariffs if he wins November’s election. >Several economic studies have shown that Trump’s tariffs failed to boost US manufacturing and ultimately cost more jobs than they created. >Plus, American importers have borne nearly the full cost of Trump’s tariffs, according to a 2023 study from the US International Trade Commission. >Americans have paid nearly $236 billion to date for tariffs that Trump imposed on imported solar panels, steel and aluminum and Chinese-made goods, according to US Customs and Border Protection. More than half of the duties have been collected during the Biden administration. Anonymous
>>1294984 >>1294983 So I don't get it. These trump tariffs that you claim are bad for the economy you now support since Biden is continuing and even increasing them?
You are cognitively dissonant.
Anonymous
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>>1294984 >>1294983 Super convenient you're leaving out the fact that this original 25% tariff on cars was actually trump, and somehow you didn't support it when he did it and you said it was damaging but now it's super super cool because biden's doing it
https://www.caranddriver.com/news/a25382834/china-us-tariffs-automotive-trump/ >June 15 >Trump announces 25 percent tariffs on $50 billion worth of Chinese imports, including China-built cars You people are not only cognitively dissonant but your dangerously unaware
Anonymous
>>1294980 So you're saying-
>arrests protestors what you're really trying to say is-
>bombs children so what you're getting at is-
>is surreptitiously controlled by a foreign government ..that democrats have no scruples?
Anonymous
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>Republican bad! >Democrat good!
Anonymous
Anonymous
>Trumps bad! The damn devil!! >Hey we are gonna do all that shit Trump said hed do that we said was bad before, just vote for us you peice of shit or you aint black.
Anonymous
Anonymous
>>1294999 Reality claims they are bad, not me personally. Don't blame me for the economic devastation Trump wrought.
Anonymous
>>1295035 If a global pandemic is trumps fault then the massive inflation since 2021 is biden's fault. You can't have it both ways.
Anonymous
>>1295035 >Don't blame me for the economic devastation Trump wrought. Ah yes, Trump made Democrats lock down their states and destroy their economies for a virus the CDC finally admits we can treat like the flu
Anonymous
>>1295044 >the CDC finally admits we can treat like the flu The CDC never said this
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>>1295036 >15 days to slow the spread How easily you forget
Anonymous
>>1294974 Waiting for the "OmG ThIs Is A dIsAsTeR!!!!!1111111111oneoneoneone" articles.
Let's see if CNN, who complained about a moderate tariff increase on Chinese goods, will call Boe Jiden out for making Lazy Boy recliners cost more.
>I don't remember the butthurt from the media Here's some lowlights:
https://www.politico.com/news/2020/09/15/trumps-tariffs-china-wto-415182 https://www.yahoo.com/news/ap-fact-check-trumps-trade-theories-dont-hold-041040314.html https://www.cbsnews.com/sacramento/news/trump-tariff-world-punches-back/ https://leads.ap.org/best-of-the-week/hundreds-of-companies-avoid-steel-tariffs None of that horseshit in this article.
joe got a yen for that yen
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chyyyNa didn't bribe Joe or Hunter enough
Anonymous
>>1295110 This.
Biden is keeping every trump tariff against China and even expanding a few, such as electric cars.
Democrats are such spineless turds. They complain at first, but then a democrat does it and they line up to slobber the knob of some old man
Anonymous
>>1295067 >The CDC never said this https://www.wsj.com/health/wellness/covid-guidelines-2024-cdc-symptoms-contagious-cdefb6b8 >You should now follow the same precautions with Covid as you take with the flu, according to new guidelines from the CDC. Not only did the CDC say this very recently, the FDA also lost a lawsuit over Ivermectin and have to admit Ivermectin works against Covid and must take down all of their posts saying ivermectin doesn't work.
https://www.biopharma-reporter.com/Article/2024/04/02/FDA-settles-ivermectin-lawsuit-removes-contentious-COVID-19-posts >The FDA has agreed to permanently remove several social media posts urging people not to take ivermectin for the treatment of COVID-19, after a lawsuit brought by three doctors accused the regulatory body of interfering with their ability to practice medicine. How does it feel to know you were wrong about everything because the government lied to you nonstop during covid and you believed it like the greedy little subservient fascist you are?
Anonymous
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>>1295184 The funniest part is your cognitive dissonance over who was running the government in 2020.
Anonymous
>>1295170 Biden isn't keeping every Trump tariff, though, only about 1/3rd of them.
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>>1295184 >How does it feel to know you were wrong about everything because the government lied to you nonstop during covid and you believed it like the greedy little subservient fascist you are? I love it. I hope they fuck me in the ass more.
Anonymous
>>1295208 Nice lie, faggot.
>Biden’s administration spent much of his first term debating what to do with the duties Trump put on more than $300 billion worth of Chinese imports, before finally announcing Tuesday that he will increase Trump-era duties on steel, aluminum and clean energy products from China, including quadrupling tariffs on electric vehicles, while keeping the rest in place Kill yourself
Anonymous
>>1295232 >Everything Biden does I don't like is automatically a lie Ok boomer
Anonymous
>>1295234 It's not that it doesn't like it. It's that the creature has no psychological mechanism to cope with the fact that it doesn't know what to think.
It was told this was bad when Trump was doing it, not the creature cannot form any opinion of it's own.
It must cope, and possibly dilate.
Anonymous
>>1295243 t. Chuck Grassley
Anonymous
>>1295245 t. Jerrold Nadler.
Anonymous
Anonymous
>>1295250 So, you're informing me that Grassley's opinion on the matter has remained consistent?
Not really interesting information.
Anonymous
Anonymous
>>1295257 Oh well. Neither have Democrats in general or journalists.
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>>1295259 If the best defense of Grassley's hypocrisy you can offer is "Democrats did it too" then you've lost.
Anonymous
>>1295234 >>1295234 You demonstrably lied tho. Biden kept or increased all trump tariffs.
You lied and said he only kept 1/3 of them.
It's not my fault you lie.
You should stop lying.
Anonymous
>>1295273 I understand you're upset about Republicans suddenly deciding they don't like tariffs when Biden makes them, but at least try to make an effort.
Anonymous
>>1295275 Nah I don't care about that..
I care that you lied to pretend that Biden wasn't keeping every trump tariff because it supported your argument at the time
You are high and delirious on copium
Anonymous
>>1295280 t. Chuck Grassley
Anonymous
>>1294974 People around here tend to make the mistake of blaming or crediting the president for the state of the economy, but there are only three things a president can do that will affect the economy greatly within their tenure, instead of upwards of ten years down the road. Those three things are:
1) Firing Fed heads and replacing them with those that will enact different policies.
2) Declaring war.
3) Tariffs.
Tariffs are essentially a tax on imports that increase the price of various finished products and services when you tax components and materials as we seem to be doing here. As we've seen in the past, China will simply turn around and tax agricultural imports, creating an entirely new economy within their borders that would otherwise be priced out of existence, and forcing us to increase our subsidies on farming even more. So we're basically shooting ourselves in the foot while giving them motive to reinvest in their own economy.
This will increase inflation and make it even more likely that Biden will lose the 2024 election. ...Not that he stands much of a chance. He maybe up against Trump, an elite billionaire career criminal pedophile who was best buddies with the Clintons for the better part of two decades and moved Epstein from state to federal prison just days before he """committed suicide""", but Biden is a zombie, and people will always take a super villain over a zombie.
The president really shouldn't be able to unilaterally enact tariffs. That's taxation, and should thus require an act of congress. The presidential office has far too much power as it is.
Anonymous
>>1295283 New Democrat cope just dropped, since you obviously realize your mistake and why you are wrong, I bid you good day
Anonymous
>>1295285 >China will simply turn around and tax agricultural imports, creating an entirely new economy within their borders that would otherwise be priced out of existence Communist countries have no food.
Anonymous
>>1295285 You forgot executive orders which have usurped the majority of congressional power.
Anonymous
>>1295307 Ignoring the fact that at this point China is about as """communist""" as we are, it is true, China's agricultural sector made up about 12% of their economy in 2016.
After Trump enacted the tariffs, however, and China countered with their agricultural tariffs, that sector grew to 31% of their economy. As the bulk of the rest of their economy was based on exports that were crippled by COVID, that growth in their internal economy helped them weather the plague far better than they should have. The tariffs we put on them basically saved their asses.
...and in either case, China currently produces enough food to feed the population of the states, several times over.
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>>1295310 Most executive orders can't fuck with the economy much in the short term, and the few that can, tend to get tied up in court.
Anonymous
Anonymous
>>1295332 >China currently produces enough food to feed the population of the states China is literally invading India because they lack the food and water necessary to maintain their population.
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>>1295361 They have been "invading india" since the early 1970s, they can't get over the Himalayas.
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>>1295361 They've been skirmishing on that border since forever, but it isn't about food. Granted, while they may produce enough food to feed the population of the states several times over, they also have more people than the states to feed, several times over. Nonetheless, I've not heard of mass starvations in China since they started violating Maoist principles so hard that they could power the whole country, if they could find a negative and positive pole on his rapidly spinning coffin.
Anonymous
>>1295280 Biden wasn't keeping every Trump tariff. It says so in the OP article.
Anonymous
>>1295469 The op article (intentionally) and nebulously picks and names certain tariffs in a vague manner, without stating every tariff, or a subset of tariffs, will be preserved. The polito article clearly states that Biden is preserving every tariff and increasing a few select ones
Anonymous
>>1295520 Shitty damage control. A third CNN article was posted which debunks the idea that Biden renewed every single Trump tariff.
Anonymous
>>1295540 You are literally reading what you want to read without thinking about what is actually written
https://www.reuters.com/markets/us/biden-sharply-hikes-us-tariffs-billions-chinese-chips-cars-2024-05-14/ >Biden will keep tariffs put in place by his Republican predecessor Donald Trump while ratcheting up others https://www.hklaw.com/en/insights/publications/2024/05/biden-administration-announces-completion-of-china >The White House announcement maintains current tariffs on Chinese imports and includes plans to impose new tariffs on a range of Chinese products. https://www.nytimes.com/2024/05/14/us/politics/biden-china-tariffs.html >The president announced increased taxes on Chinese imports in strategic industries, building on former President Donald J. Trump’s tariffs. Fuck off with your shitty shill narrative faggot
Anonymous
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>>1295541 No one believes you.
Anonymous
>>1295520 The OP article would have named the baseball hat and bicycle tariffs if they still existed (they don't). The truly hilarious part is that you're still trying to blame this on Dems in the damage control thread made in response to this one.
Anonymous
>>1295574 >The OP article would have named the baseball hat and bicycle tariffs if they still existed Op article clearly isn't a definitive list of every tariff currently against China, nor does it claim to be.
Meanwhile, every other source says your wrong:
>>1295541 You really are a shit poor shill
Anonymous
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>>1295585 Yes it actually does claim to be but thanks for playing. You lost. Trump lost. Biden isn't continuing the tariffs on bicycles or baseball hats. Get over it already.
