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Biden s China tariffs are the end of an era for cheap Chinese goods

Biden s decision this past week to codify and escalate tariffs imposed by Trump made clear that the United States has closed out a decades-long era that embraced trade with China and prized the gains of lower-cost products over the loss of geographically concentrated manufacturing jobs. A single tariff rate embodies that closure: a 100% tax on Chinese electric vehicles, which start at less than $10,000 each and have surged into showrooms around the world but have struggled to crack government barriers to the U.S. market.

White houseDistrict of columbiaUnited statesColumbia universityNew yorkLael brainardSherrod brownDavid autorDonald trumpGeorgew bushJoe bidenR glenn hubbardRobert lighthizerJennifer harrisSociety initiativeWhite house council of economic advisers

Looking beyond the chorus of Chinese overcapacity

Before concluding her recent official visit to China, Treasury Secretary of the United States Janet Yellen's warning to the host not to hobble Western firms by flooding markets with cheap exports was indeed a rude shock that defied the general understanding of modern economics.

United statesStates janet yellenAdam smithEuropean unionWhile the european commissionTreasury secretaryUnited states janet yellenChina shockEuropean commissionWall street journal

Brainard Addresses China s Industrial Overcapacity Issues

Brainard Addresses China s Industrial Overcapacity Issues
miragenews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from miragenews.com Daily Mail and Mail on Sunday newspapers.

United statesSouth africaEnforcement in key industries of theChina shockBipartisan infrastructure lawScience actInflation reduction actExport led recoveryAmerican progressUnited states andKey industriesPhase one

White House s Brainard says China s exports can undermine investments in US

White House s Brainard says China s exports can undermine investments in US
yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.

United statesAlistair bellNandita boseFranklin paulJoe bidenWhite house national economic adviser lael brainardHouse national economic adviser lael brainardThursday chinaAmerican progressChina shock

US Better Served With Open Trade Than China Tariffs, IMF Says

US Better Served With Open Trade Than China Tariffs, IMF Says
bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.

White houseDistrict of columbiaUnited statesKristalina georgvievaJulie kozackFederal reserveInternational monetary fundBiden accuses chinaImposes newDirector kristalina georgvievaFall eyeGlobal economyJoe bidenBrainard says tariffs neededAvoid newChina shock