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You don't get "Seal Team 6" without training and discipline.
You don't learn to ride a bike without at least one scraped knee.
President Biden will call to triple the current 7.5% China tariff rate on steel and aluminum imports.
The White House has ramped up pressure on China to amend its trade practices, citing concerns of an oversupply of clean energy products subsidized by Beijing.
Biden's demand for tariff hikes comes as he balances election-year politics against fraught relations with China and heightened concerns about the strength of the U.S. economy.
President Joe Biden is calling on the U.S. Trade Representative to triple the China tariff rate on steel and aluminum imports as he makes the rounds in the key battleground state of Pennsylvania.
On Wednesday, the president will visit the United Steelworkers headquarters in Pittsburgh.
Biden's demand to raise the current 7.5% average tariff on steel and aluminum is an effort to make clear that his administration's recent warnings about China's trade practices are not empty threats.
On a visit to China last week, Treasury Secretary Janet Yellen raised concern that Chinese subsidies were creating an oversupply of clean energy products, like solar panels and electric vehicles, that would outpace domestic demand. She worried that overcapacity could be dumped on global markets at artificially cheaper prices, potentially stifling competition.
In an interview with CNBC's Sara Eisen, Yellen said that tariffs were not off the table if those overcapacity qualms went unaddressed.
Chinese officials and state media have since denied the overcapacity accusation, saying that its abundance of supply of clean energy products is a result of "constant innovations," not government subsidies.
...As China shrugs off the overcapacity concerns, the Biden administration is doubling down on what it perceives as the threat to global trade.
"China's policy-driven overcapacity poses a serious risk to the future of the American steel and aluminum industry," National Economic Council Director Lael Brainard said on a call with reporters on Tuesday. "China cannot export its way to recovery. China is simply too big to play by its own rules."
Biden's balancing act
Biden's escalated push to hike tariffs comes as he balances election-year politics with a fragile geopolitical landscape and heightened concerns about the strength of the U.S. economy.
On the one hand, the White House is still working to thaw relations with China after several years of near-frozen communication, in part sparked by former President Donald Trump's initial round of China tariffs, which almost triggered a full-fledged trade war.
Tariffs can also have unintended economic ripple effects by raising U.S. manufacturing costs that may ultimately translate to higher consumer prices. That would be an unwelcome result during a time when Biden is already in the middle of a yearslong battle to bring down stubborn inflation and prove to voters that his economic agenda is working.
A senior administration official on Tuesday rejected the notion that tariff hikes would lead to higher inflation.
"If taken these actions will not increase inflation, but they will protect American jobs and steel industry," the official said on a call with reporters. "Residual inflation is not coming from goods, these actions will not change that."
On the other hand, the Biden campaign is looking to maintain a hawkish China stance as he competes against Trump for blue-collar workers' votes. In that vein, Biden will also reiterate his opposition to the proposed sale of U.S. Steel to Japan's Nippon Steel.
"It's important that U.S. Steel remains a domestically owned and operated company," a senior administration official said Tuesday. "The president will make that clear again. He has told the steelworkers he will have their backs and he means it."
i got a bridge to sell youThe White House has ramped up pressure on China to amend its trade practices, citing concerns of an oversupply of clean energy products subsidized by Beijing.
Janet Yellen warned in a Wednesday speech that China’s surplus of clean energy products is depressing prices in global markets and squeezing U.S. green manufacturing.-WED, MAR 27 2024
After years of clean energy investment, China has an excess of solar power, EVs and lithium-ion batteries, allowing it to export those products at cheaper prices to markets around the world.
Yellen plans to confront her Chinese counterparts about these trade practices during her upcoming visit to China.
The U.S. is trying to grow its own clean energy industry domestically with investments from new legislation, but is still playing catch-up with China’s green energy sector.
Holy shit this is just pure panic mode.View attachment 5914188
yes ,bidden is poll drunk. go home retard not believe the bait.
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The same mentality of far right/left people: "no, we need to be MORE extreme, that's how we get the centrists and win!"If hard-liners were harder line they'd have gotten a MAGA speaker.
Saying the Speaker and Majority can defund everything is like the people in the UK who say "Well actshuallly King Charles can totally go in and disband Parliament!"Oh come on.
This discussion was an interesting contention between caution and ambition and here you go straight-up lying to EVERYONE's face.
Get it together, man.
Jack Smith can't prosecute Trump if he's too hungry because his salary is $0 so McDonalds is out of reach.
The beauty of the power of the purse is the house doesn't have to do anything for ALL spending to eventually stop. That's why it's power, not suggestion.
Saying the Speaker and Majority can defund everything is like the people in the UK who say "Well actshuallly King Charles can totally go in and disband Parliament!"
Technically possible, but will never happen IRL.
You mean like Trump did during his 2016 campaign? Telling marxists to pound sand and t-posing on their moral outrage?The same mentality of far right/left people: "no, we need to be MORE extreme, that's how we get the centrists and win!"
That's why I voted for him in the first place.I want him to win because I want to send a message.
I appreciate your efforts but dustbuster is the most autistic poster in this thread. You’re trying to argue against whatever technically possible fantasy is gratifying his compulsions from one minute to the next and if you ever shoot one down he’ll just move to a new one.So nothing. You present no serious proposals. Just empty platitudes of vague suggestions of things. You just waffle on the same things with no specifics.
A&H needs a "Blackpill Us Politics" thread where people with no solutions but "lay down and wait for the commie to line you up against the wall" can circle-jerk each other.I appreciate your efforts but dustbuster is the most autistic poster in this thread. You’re trying to argue against whatever technically possible fantasy is gratifying his compulsions from one minute to the next and if you ever shoot one down he’ll just move to a new one.
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yes , bidden is poll drunk. go home retard not believe the bait.
https://twitter.com/TheInsiderPaper/status/1780530946598412542 https://www.nbcnewyork.com/news/business/money-report/biden-wants-to-triple-china-tariffs-on-steel-aluminum-imports/5328395/
If you guys wanna laugh at how out of touch the Biden regime is, just check out their Twitter. It's just constant genderspecial bullshit. They can't read the room.
I believe it.I will believe it when I see it.
Go be the change you want to see in the world then, you're not helping any here. Try posting less and thinking more for a while - Your ideas may just as much be a case of poorly, fragmented over expression of incomplete thoughts that make them seem stupider than they really are. Idea fragments make sense in the moment when you're on your 20th post of the day, but are completely incoherent when your a passing reader who last saw a fragment ten posts back, five hours ago, and intermingle it with what everyone else is saying.A&H needs a "Blackpill Us Politics" thread where people with no solutions but "lay down and wait for the commie to line you up against the wall" can circle-jerk each other.
I'm aware you're aligned with a certain "tribe" of assholes on this board, but reality doesn't bend to conform to your insults.Go be the change you want to see in the world then, you're not helping any here. Try posting less and thinking more for a while - Your ideas may just as much be a case of poorly, fragmented over expression of incomplete thoughts that make them seem stupider than they really are. Idea fragments make sense in the moment when you're on your 20th post of the day, but are completely incoherent when your a passing reader who last saw a fragment ten posts back, five hours ago, and intermingle it with what everyone else is saying.
It's been said before, but NYC (and the otherNY has been trending red for years due to NYC's fuckups. In 2022 the Repubs swept town and local assembly groups (they have a complete lock on them now, which has never happened before in the state's history) and took a sizable chunk of Nassau's assembly as well. Nassau County then immediately banned transgender athletes from competing with women at public facilities. In fucking New York.
I genuinely don't know what this means and I am dead serious when I say I'm not trying to start a fight by asking about this - What are you talking about?I'm aware you're aligned with a certain "tribe" of assholes on this board, but reality doesn't bend to conform to your insults.
Long Island gave us the IDC, which will eternally be funny. For the Kiwis's who didn't follow NYS politics at that time, Long Island is primarily Jews. The Democratic party was on the verge of winning both chambers of the Legislature and the Governors Mansion, so the Jews split off the dems to caucus with republicans to not give gibs to the Blacks.Although in Long Island's case
I've heard a common sentiment of "Johnson _is_ fucking it up, but right now there's not a whole lot to do other than put in Jefferies or that Zoomer or some other dem after the various dipshit rinos quit"
it's like "yes, this car does stall every four lights and the brakes need a lot of pumping, but we have to get seventy miles from here today and this is the only car available"
It's boroughs, but I think you're version accurately illustrates the bug hive nature of the city.(and the other burrows)