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ChinaTalk
EMERGENCY POD: Biden's Electric Curtain
May 15, 2024
Brad Setser, an expert on international finance from the Council on Foreign Relations, dives deep into Biden's new tariffs and their impact on U.S.-China relations. He discusses the complexities of U.S. trade policies and how they adapt to China's rise in electric vehicle manufacturing. Setser highlights the challenges of U.S. reliance on Chinese imports, particularly in the battery sector, and examines vulnerabilities in the supply chain for critical materials. The conversation cleverly mixes serious economic analysis with light-hearted musings about diplomacy and nostalgia.
01:17:38
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Quick takeaways
- Biden administration adjusts tariffs strategically for US industrial development, aligning with China's policies.
- US focuses on developing domestic capabilities, particularly in critical sectors like electric vehicles, to counterbalance China.
Deep dives
The Evolution of Tariff Policy: From Trump Administration to Biden's Approach
The podcast delves into the progression of tariff policy from the Trump administration to the Biden administration. Starting with the imposition of section 301 tariffs in the Trump era over technology transfer and IP theft issues, negotiations with China ensued leading to escalating tariffs. The Biden administration inherited a review of these tariffs, culminating in adjustments to tariffs on products deemed strategically vital for America's industrial development, aligning with China's industrial policies.
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Discover
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