Biden aims to prevent a rise in imports from China.


President Biden is concerned about the increasing influx of low-cost Chinese products, which could threaten American industries. Despite official trade data showing a decline in Chinese steel imports, the administration is troubled by China's growing production capacity and state subsidies, giving Chinese goods a significant cost advantage. This has already impacted the U.S. solar industry and is a broader concern in Europe. To address this, the Biden administration is considering measures to protect American companies from what they perceive as unfair trade practices by China. European officials have also expressed frustration and are imposing tariffs on Chinese electric cars. The U.S. is closely monitoring Chinese production and considering higher tariffs and investigations into Chinese automotive technologies. Efforts to form a global coalition, including cooperation with European allies and developing nations, are being considered to counter China's export strategy and protect U.S. companies' investments.



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