Excess Capacity: The Latest US’ Strategic Narrative To Counter China – OpEd
The US-China trade war is set to escalate with the announcement by the Biden administration that it will quadruple tariffs on electric vehicles, double tariffs on solar panels, and nearly triple tariffs on Chinese-made steel and aluminum products. Such an approach was expected following visits of Treasury Secretary Janet Yellen and Secretary of State Antony Blinken to China, considering the stances they had taken.
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