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ChinaTalk

EMERGENCY POD: Biden's Electric Curtain

May 15, 2024
Economic expert Brad Setser from CFR discusses Biden's new tariffs, exploring the impact on Chinese EV development, implications on batteries and legacy chips, China's financial reserves, and the national security significance of US electric vehicle production. The podcast also includes a light-hearted banter about pandas and diplomacy at the San Diego Zoo.
01:17:38

Episode guests

Podcast summary created with Snipd AI

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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