Posted on 12/08/2022 7:17:25 PM PST by elpadre
Under the Trump administration the U.S. launched a trade war against China. It started with various tariffs on Chinese products. The Biden administration topped that by using the flimsy pretext of alleged 'forced labor' in Xinjiang to make it more difficult to import goods from China. This contradicted Biden's plan for climate change as nearly all solar panels are made from raw materials found in Xinjiang. The trade war continued with the chip war against China's technological progress.
The tariffs and restriction run counter to the World Trade Agreement which the U.S. is increasingly willing to ignore.
The administration has now developed a new scheme that will use the pretext of climate change to wage an economic war against China's and other countries' steel and aluminum industries. To be more effective it is trying to get the European Union on board:
The Biden administration on Wednesday sent a proposal to the European Union suggesting the creation of an international consortium that would promote trade in metals produced with less carbon emissions, while imposing tariffs on steel and aluminum from China and elsewhere, according to a copy viewed by The New York Times. ... The proposed group, known as the Global Arrangement on Sustainable Steel and Aluminum, would wield the power of American and European markets to try to bolster domestic industries in a way that also mitigated climate change. To do so, member countries would jointly impose a series of tariffs against metals produced in environmentally harmful ways.
This is clearly not a policy to mitigate climate change but to limit free trade to the advantage of domestic industries.
(Excerpt) Read more at moonofalabama.org ...
excerpted:
“...China, India and other BRICS countries will of course oppose the scheme and would likely retaliate against U.S. exports should it ever be implemented....”
Posting Moon of Alabama at FR - love it. Now I will wait for the US security state zombies to show up.
Total BS. The Trump admistration started to actually fight back against an ongoing one side trade war started by globalists against American industry.
I wish crap like this would not be posted on FR. It is such BS.
bkmk
If China and other "free trade" predators are thrown out of our markets, why shouldn't that be celebrated?
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