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”
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
Yellen should fuck off already
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.
Yellen into the void