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The Rachman Review
Has the US declared economic war on China?
May 16, 2024
Former US trade representative Michael Froman discusses the US imposing tariffs on Chinese green tech goods. They explore the implications of protectionism and the US-China economic rivalry. The conversation delves into national security concerns in the electric vehicles market and the potential shifts in American foreign policy post-US election.
31:01
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Quick takeaways
- US imposes tariffs on Chinese EVs to boost domestic industry competitiveness.
- Strategic tariffs challenge traditional free trade principles amid global protectionism concerns.
Deep dives
Biden Administration Imposes Tariffs on Chinese Electric Vehicles
President Joe Biden announced significant tariffs on Chinese electric vehicles, batteries, and green tech products to support American auto manufacturers. The move aims to counter China's cost advantage and promote the development of the US EV sector, aligning with industrial policy to prevent dumping of subsidized Chinese products. These tariffs, a departure from traditional free trade principles, are strategic to ensure competitiveness and foster a domestic industry.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode