President Biden has raised concerns about a potential influx of low-cost Chinese goods threatening American industries. Official trade data shows a decrease in Chinese steel imports and a narrowing trade gap with the United States. However, the administration is alarmed by China's increased production of high-value goods, fueled by substantial subsidies and state support. This has led to a competitive advantage for Chinese products, impacting industries like solar and electric vehicles in the U.S. and Europe. To address this, President Biden has pledged to implement measures to protect American companies from what he perceives as unfair trade practices by China. European officials have also expressed frustration over the surge of subsidized Chinese exports. The U.S. is considering imposing higher tariffs and reviewing existing ones on Chinese goods, while seeking international cooperation to counter China's export strategy. Former Biden administration officials advocate for a global coalition to impose coordinated tariffs on Chinese industries with overcapacity, aiming to safeguard U.S. investments and promote fair competition.