Yellen Hopes China Doesn’t Mount ‘Significant’ Trade Retaliation
Yellen Hopes China Doesn’t Mount ‘Significant’ Trade Retaliation
Treasury Secretary Janet Yellen said she hopes China won’t mount major retaliation against any steps Washington takes to safeguard investments in critical new industries, while emphasizing the US cannot allow these emerging sectors to be “wiped out” by Chinese competition.
Biden is expected this week to quadruple tariffs on Chinese EVs and sharply increase levies for other key industries. The moves are designed to safeguard the effectiveness of investments that his legislation is making in those same sectors in the US.
“The president wants to make sure that he protects these investments,” Yellen said. “He believes it unacceptable — as I do — to be completely dependent on China in these areas,” given that Beijing engages in massive subsidies and “is really not playing by the rules.”
Our "effective investments" vs their "massive subsidies"
Effective investment: 7 charging stations for 7.5 billion USD
China is not playing by the rules. You can tell because their shit actually works.
Chinese charging networks exist because they're important infrastructure.
What little American charging networks exist (but often don't work) are their through minor regulatory punishment.
its fucked up when someone else does it, just another Tuesday when I do it.
do the rules say it's ok to subsidize the hell out of corn?
Hold on let me find the rulebook real quick
Is "not playing by the rules" here referring to Chinese government subsidies of EVs? How much is it subsidized anyway compared to say energy credits Tesla gets? Anyone have numbers to get a sense of scale of this claim?
attack Chinese trade with tariffs and sanctions
hope they don't retaliate
Israeli realpolitik lmao
ukraine is falling apart
demands for unconditional russian surrender remains unchanged
many such cases
headline: Here's how Ukraine can still win
Yellen should fuck off already
If the whole administration were swallowed by the earth, the world would be a slightly better place.
Time will take her soon, God willing. She already looks like dust wrapped in crepe paper
China Anti-Espionage Laws Threaten Pharma Supply Chains and Multinational Manufacture in China
Western pharmaceutical groups are warning of worsening disruption to supply chains because of problems certifying manufacturing sites in China, with some factory inspectors refusing to visit the country over fears of arrest for spying and others denied entry to facilities.
Many people that we spoke to, both former government officials and some in industry said that if China shut the door on exports, within months, pharmacy shelves in the United States to be empty, and hospitals would cease to function.
with some factory inspectors refusing to visit the country over fears of arrest for spying and others denied entry to facilities
What on earth could factory inspectors be spying for? Like I don't put it past them, but at this point I'd like to know.
Probably more of a fear of the claim that they were spying... though how much of this fear is actual and how much of this is fabricated by the USA companies is not investigated in the text that I skimmed.
the cop of the imagination does so much more to curtail behavior than any real cop ever could
Oh boy can't wait to go without my Fancy Meth (ADHD meds fyi) again because of
the evil drug laws America hasthose dang Chinese.
Yellen into the void
hopes and prayers
