Why is Biden ratcheting up the trade war with China? | Counting the Cost

Chinese imports have helped push down the cost of products like video games, T-shirts and home appliances in the United States. But many American factories say these imports have driven them out of business and cost more than a million people their jobs.

President Joe Biden says he will not allow China to "unfairly control the market".

In the run-up to November's elections, he has sharply raised tariffs on Chinese imports ranging from electric vehicles to solar cells to protect American industries and workers.

Beijing has launched an anti-dumping investigation in response.

And Cuba's sugar industry is in crisis.

Plus, the world faces shortages of critical minerals.

#JoeBiden #unitedstateschampionship #China #Trade #Economy #uselection2024 #aljazeeraenglish

[whatyousaid]

When US dominate, everyone had to follow WTO guidelines, which created by U.S. when U.S. lose the competition, WTO rules is outdated and don’t need to follow. That’s the U.S. rule based order logic

[johnwhoo]

Don't blame other country's success for your policy failure, shortsightedness, and greedy.

[dt]

What level playing field? When it is in favor of the American uneven playing field is ok but when Americans cannot compete it is uneven playing field!?! The whole world can see the American hypocrisy! Turn your back to the American!

[fatdoi]

so on the first segment, the west is complaining about chinese gov't subsidies and on the last segment the west wants gov't subsidies to mine rare earth... all hypocrisies in one show...

[nmew]

Printing dollars bills and exporting to the world the inflation created. Is this level playing field

[blackphoenix]

Bottomline U.S is now losing and its losing hard.

[MSMS]

When one has over 800 military bases all over the world, one is indeed creating security concerns on other countries. 😊😊😊

[kappa]

American days are over focus on your homelessness and drug problem

[tingli]

America provided $TRILLIONS to the US banking, Auto, Airline, Insurance and on and on, industries. That's fair? I guess that's fair for the American tax payers. 🤣🤣

[njabulonzimande]

But China told the whole world what they were planning to do and the US failed to counter that. Now the US is crying foul😅

[zhaokwong]

Bottom Line: USA can't compete with China. 😢

[johnnywalker]

Loosers have to claim unfair practices because otherwise they would have to admit that they inferior!

[KatherinDrzewiecki-ffww]

If you're not interested in politics, some news might not be relevant to you. Trust me, politicians often don't prioritize the average person. My advice? Retire early, travel, and, most importantly, make smart investments.

[eymeeraosaka]

When you can't compete, hobble your competitor by whatever means necessary...This has always been US strategy...

[frankm]

Biden slumps 100% tariff on Chinese EVs but there is zero Chinese EVs selling in the US. You figure why Biden has this tariff 😅. A sleepy old guy, what do you expect?

[swordligz]

When the world was discussing Global warming, Chinese must have been thinking everyone's going to encourage green tech and EVs and green energy. So they did. Few years later, all the western countries ditched their plan to go net zero. China's only one who really did something good for the world growing the green industry. Subsidising green teck is good. Every country should do it. It's for the greater good!

[keungpang]

I remember Biden said china can't innovate.😂😂😂😂😂

[XRealEstate]

Losing in fair competition is a national security issue to the USA.

[larrywang]

Is subsidy good or not? If not, why not let China do the stupid thing. If it is good, why doesn't US government do the same thing?

[alexlee]

When you have to use tariffs to stop or slow down others from progressing, then you ve lost.