Gravitas: US, China trade war reignites | Gravitas Shorts

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The US has increased tariff on Chinese Electronic Vehicles to 100%. Fresh tariff has also hit Chinese semiconductors, steel, medical products, among others. The measure affects $18 billion in imported Chinese goods. China has accused U.S. of bullying and has vowed retaliation.

#us #china #uschinatradewar

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Biden is learning from Trump Biden has a baby brain 🧠

tonyr
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Claims to be the boss but loses everything! You can only find some unreasonable reasons to punish others. This is America!

sengtingchaleun
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The American technology media Electrek published an article on the 12th saying that it is ironic that China is often accused of "not doing enough" to deal with climate change, but now the United States says they are "doing too much" in electric vehicles and solar energy.
In 2020, Biden proposed during the campaign: abide by the commitment of the 2020 'The Paris Agreement' (Climate Change Agreement) and reduce carbon emissions.
In 2020, Biden proposed in the National Security Strategy that the U.S. auto industry should enter "Industry 4.0" in order to mass-produce electric vehicles.
In 2021, Biden emphasized that by 2030, the United States will achieve the goal of more than 50% of new cars being electric vehicles.
In 2021, Biden signed the "Bipartisan Infrastructure Law", committing to provide US$7.5 billion in funding to build a nationwide electric vehicle charging network, and setting the goal of "building 500, 000 public charging piles by 2030." However, as of today, only 4 states in the United States have built and put into operation a total of 7 public charging stations and a total of 38 charging piles.
In 2024, Biden calls for higher tariffs to boycott Chinese electric vehicles.

"We're very explicitly subsidizing investments in these important strategic areas. We don't want to see massive Chinese subsidies that will just drive our firms out of business."--US Treasury Secretary Janet Yellen May 2024
Translation: We'll support US industries with subsidies because it's strategic, but when others do it, it's unfair competition.

WellSalt-Studio
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In God we Trust. Only hope for US is God.

willeisinga
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The USA can't handle the fact that there is a another system that works better than there's and doesn't rip of the people economically. FAIR TRADE .🎉

kevanhess
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These Indian news are always so dramatic and negative. Breath! Relax…😅

helganatt