this post was submitted on 14 May 2024
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[–] buckykat@hexbear.net 59 points 2 years ago (4 children)

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"

[–] Feinsteins_Ghost@hexbear.net 25 points 2 years ago

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

[–] Wheaties@hexbear.net 22 points 2 years ago (1 children)

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

[–] buckykat@hexbear.net 29 points 2 years ago

Hold on let me find the rulebook real quick

us-foreign-policy

[–] Parent@hexbear.net 15 points 2 years 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?

[–] GlueBear@hexbear.net 58 points 2 years ago (1 children)

attack Chinese trade with tariffs and sanctions

hope they don't retaliate

Israeli realpolitik lmao

[–] CrackBurger@hexbear.net 31 points 2 years ago (2 children)

Yellen should fuck off already

[–] barrbaric@hexbear.net 17 points 2 years ago

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

[–] GrouchyGrouse@hexbear.net 14 points 2 years ago

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

[–] emizeko@hexbear.net 23 points 2 years ago

Yellen into the void

[–] peeonyou@hexbear.net 9 points 2 years ago

hopes and prayers