Yellen Hopes China Doesn’t Mount ‘Significant’ Trade Retaliation (www.bloomberg.com)

submitted 2 months ago by [email protected] to c/[email protected]

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[-] [email protected] 59 points 2 months ago

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"

[-] [email protected] 36 points 2 months ago

Effective investment: 7 charging stations for 7.5 billion USD

[-] [email protected] 39 points 2 months ago

China is not playing by the rules. You can tell because their shit actually works.

[-] [email protected] 12 points 2 months ago

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.

[-] [email protected] 25 points 2 months ago

its fucked up when someone else does it, just another Tuesday when I do it.

[-] [email protected] 22 points 2 months ago

do the rules say it's ok to subsidize the hell out of corn?

[-] [email protected] 29 points 2 months ago

Hold on let me find the rulebook real quick

us-foreign-policy

[-] [email protected] 15 points 2 months ago

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?

[-] [email protected] 57 points 2 months ago

attack Chinese trade with tariffs and sanctions

hope they don't retaliate

Israeli realpolitik lmao

[-] [email protected] 36 points 2 months ago

ukraine is falling apart

demands for unconditional russian surrender remains unchanged

many such cases

[-] [email protected] 31 points 2 months ago

Yellen should fuck off already

[-] [email protected] 17 points 2 months ago

If the whole administration were swallowed by the earth, the world would be a slightly better place.

[-] [email protected] 14 points 2 months ago

Time will take her soon, God willing. She already looks like dust wrapped in crepe paper

[-] [email protected] 29 points 2 months ago

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.

[-] [email protected] 15 points 2 months ago

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.

[-] [email protected] 15 points 2 months ago

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.

[-] [email protected] 15 points 2 months ago

the cop of the imagination does so much more to curtail behavior than any real cop ever could

[-] [email protected] 9 points 2 months ago

Oh boy can't wait to go without my Fancy Meth (ADHD meds fyi) again because of ~~the evil drug laws America has~~ those dang Chinese.

[-] [email protected] 23 points 2 months ago

Yellen into the void

[-] [email protected] 9 points 2 months ago

hopes and prayers

[-] [email protected] 6 points 2 months ago

xi-plz

this post was submitted on 14 May 2024

59 points (100.0% liked)

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