Trade Protectionism Helps Nobody—Not Even the Pandas
==========
The Biden administration recently raised tariffs on Chinese imports, including steel, aluminum, semiconductors, critical minerals, electric vehicles, and solar panel cells. This contradicts their stance on global warming and raises questions about their commitment to combating climate change. The administration argues that tariffs are necessary for America to lead in these fields, but taxing Chinese solar panels will result in fewer of them. Additionally, the administration has damaged the U.S.-China trade relationship through a ban on Chinese telecommunications equipment and the banning of the TikTok app. The author argues that these protectionist measures are offensive and counterproductive. The article also mentions that China's trade stance towards the U.S. is not much better. The author emphasizes the importance of pushing back against protectionism and highlights the benefits of trade for the economy and national security.
#TradeProtectionism #BidenAdministration #China #Tariffs #GlobalWarming #UschinaTradeRelationship
https://www.newsweek.com/trade-protectionism-helps-nobodynot-even-pandas-opinion-1908217
Newsweek /
npub1ka…2agq5
2024-06-06 14:34:37
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wss://junxingwang.orgPublished at
2024-06-06 14:34:37Event JSON
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"content": "Trade Protectionism Helps Nobody—Not Even the Pandas\n==========\n\nThe Biden administration recently raised tariffs on Chinese imports, including steel, aluminum, semiconductors, critical minerals, electric vehicles, and solar panel cells. This contradicts their stance on global warming and raises questions about their commitment to combating climate change. The administration argues that tariffs are necessary for America to lead in these fields, but taxing Chinese solar panels will result in fewer of them. Additionally, the administration has damaged the U.S.-China trade relationship through a ban on Chinese telecommunications equipment and the banning of the TikTok app. The author argues that these protectionist measures are offensive and counterproductive. The article also mentions that China's trade stance towards the U.S. is not much better. The author emphasizes the importance of pushing back against protectionism and highlights the benefits of trade for the economy and national security.\n\n#TradeProtectionism #BidenAdministration #China #Tariffs #GlobalWarming #UschinaTradeRelationship\n\nhttps://www.newsweek.com/trade-protectionism-helps-nobodynot-even-pandas-opinion-1908217",
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