China’s state-owned Global Times On Wednesday, he dismissed tariffs that the Biden administration had threatened as a “travesty” and specifically disparaged the administration’s efforts to protect the U.S. electric vehicle (EV) industry from Chinese competition.
of Global Times received a lecture:
This approach contradicts President Biden’s pledge not to “impede China’s development” and “not pursue decoupling with China.” This also violates an important agreement reached by the leaders of both countries. In a sense, it can even be understood that the United States has started a new tariff conflict.
Before announcing the imposition of additional tariffs on China, the United States repeatedly spread negative information aimed at defaming Chinese related technologies and products. This is essentially an expression of guilt, an attempt to cover up the fact that they are politicizing and instrumentalizing economic and trade issues by manipulating public opinion.
I didn’t have much trouble making the final comparison, but the “travesty” part is… Global Times” In the first place, the Biden administration seems to have been criticized for complaining about the dangers of China’s dumping of EVs, even though the current volume of automobile imports from China is “nearly zero.”
Chinese editorial commentators dismissed Biden’s entire trade policy as nothing more than a “political show aimed at winning over voters in an election year,” adding that Beijing has “taken no decisive action to protect its interests.” He threatened to take countermeasures.
former Global Times The editor, Hu Xijin, video editing explosion Biden’s tariff hike on Chinese EVs rose from 27.5% to 102.5% as a sign of “panic and incompetence.”
Hu saw the tariffs as a show of weakness and a “white flag raised by the United States” to acknowledge that the United States has “given up” in the face of Chinese competition.
“The United States is becoming increasingly incompetent and dependent on high tariffs for protection,” he said.
Hu vowed that China would build “the world’s largest supply chain and production capacity” for EVs even without access to the U.S. market, and “ridiculed U.S. attempts to attack China’s key industries.” did.
Employees work on the C11 electric SUV assembly line at the factory of Chinese EV startup Leap Motor in Jinhua, Zhejiang Province, China, April 26, 2023. (Hu Xiaofei/VCG, via Getty Images)
China’s Ministry of Commerce endorsed this on Tuesday. Global Times” threat, pledge If the Biden administration does not reverse its plan to quadruple the tariffs on Chinese EVs, it is also set to impose retaliatory tariffs on US products.
Chinese Foreign Ministry spokesperson Wang Wenbin hinted on Tuesday that China may file a lawsuit with the World Trade Organization (WTO) against Biden’s tariffs.
“China will take all necessary measures to protect its legitimate rights and interests,” Wang said.
All Chinese officials and media outlets that criticized Biden’s tariff plans took pains to deny “overcapacity.” caveat Announced by American authorities. No one responded to criticisms that Chinese government subsidies only serve to create massive excess manufacturing capacity and flood overseas markets with cheap goods. They simply ignored the idea, as if it were patently absurd.
politiko on wednesday Noticed The same politicians who once criticized former President Donald Trump for raising tariffs on Chinese imports are having a “very different reaction” to Biden’s plan, he said. politiko He believes this is because the American “political consensus” has shifted in opposition to free trade, rather than outright partisan bias.
The consensus has changed significantly, and “protectionism” is now interpreted to mean calling for a complete ban on Chinese-made electric cars, but electric cars have been the subject of billions of dollars over the past two decades for the American political class. They could easily dominate the market that has been nurtured through subsidies. Democrats also appear intent on protecting the U.S. solar panel market and other green energy issues.
Republicans are similarly nervous about watching China gobbling up billions of dollars in sunk costs for green energy and electric vehicles. Sen. Marco Rubio (R-Fla.) said China’s auto industry is an “extinction-level threat” to both “American automakers and the workers they employ.”
In contrast to Chinese state media heckling about white flags of surrender and displays of weakness, both Republicans and Democrats politiko Those interviewed said President Trump’s success in imposing tariffs on China was instructive, but Democrats understandably believe Biden will be more effective in enforcing tariffs. He claimed that
