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US-China relations | United States President Joe Biden China Tariffs Are the End of an Era for Cheap Chinese Goods

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.

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.

Brainard Addresses China's Industrial Overcapacity Issues

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