Las subvenciones a la industria y la debilidad de las ventas al interior de China han preparado el terreno para un auge de las exportaciones del país, lo que hace temer la pérdida de puestos de trabajo en fábricas de otras partes del mundo.
Automakers in the United States and their supporters welcomed President Biden’s tariffs, saying they would protect domestic manufacturing and jobs from cheap Chinese vehicles.
The White House has imposed $18 billion in new duties on Chinese imports, but it’s unclear how much that will help his economic agenda.
The president is set to announce increased taxes on Chinese imports in strategic industries, building on former President Donald J. Trump’s tariffs.
Heavy subsidies for industry, together with weak sales in China, have set the stage for an export boom, raising fears of factory job losses elsewhere.
The president is trying a targeted approach, with allies, to beat Beijing in the race to own the clean energy future. Those weren’t his predecessor’s goals.
The president has proposed new barriers to Chinese electric vehicles, steel and other goods that could undermine his manufacturing agenda.
From cars to solar panels to furniture, China is using lavish bank lending and enormous investments in robotics to cement its global leadership in manufacturing.
La economía china se beneficia del aumento de las ventas de productos manufacturados al exterior, que crea empleos. Pero el impacto podría sentirse en las fuerzas laborales de Europa y Asia.
President Biden and former President Donald J. Trump offer vastly different policy paths on almost every aspect of the economy.