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US Treasury Secretary Yellen Urges Slowing China's Overproduction of Clean Energy Goods /
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2024-05-21 15:02:54

US Treasury Secretary Yellen Urges Slowing China's Overproduction of Clean Energy Goods on Nostr: Biden's Tariffs on Chinese EVs Aim to Protect American Industries and Counter Unfair ...

Biden's Tariffs on Chinese EVs Aim to Protect American Industries and Counter Unfair Trade Practices
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#96a123da ver:1.76

The Biden administration is implementing tariffs on Chinese EVs to protect American industries and counter unfair trade practices. The tariffs aim to address China's overcapacity and boost U.S. industries, particularly in states like Michigan. However, the tariffs may impact consumer demand for EVs and have unintended consequences for the U.S.'s decarbonization efforts. This move is part of a broader competition between the U.S. and China in the clean energy sector, with both countries imposing tariffs to protect their interests. The Biden administration's goal is to ensure America's leadership in the clean energy economy and create a green jobs boom. #TradeWar #EVs #CleanEnergy...

#newstr #BidenAdministration #Tariffs #China #CleanEnergyEconomy #UsAutoIndustry

https://here.news/story/96a123da?ver=1.76
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