The Soapbox

hoolstoptheheels

Joined: 01/04/2001 Posts: 27159
Likes: 34521


Point is, Biden isn’t wielding a sledgehammer. In fact, this article


Points to his unwillingness to place tariffs on solar panels, which would hurt his energy transition goals. But that industry also has different dynamics than steel, in which overcapacity has driven dumping for years.

I also think you’re missing a major point in your comparison with India, in that India has a robust domestic consumer market, which China lacks, at least across many sectors - steel very much included, especially with a property and construction slump with no end in sight.

I can buy that complaints about EV dumping are overstated. They have a domestic market for those and capacity is strong. Not the case in steel. So, I agree with criticism of Trump’s ideology-driven sledge hammer approach, but that’s not the case with Biden.

(In response to this post by fishhoo)

Link: https://www.atlanticcouncil.org/blogs/econographics/sinographs/breaking-down-janet-yellens-comments-on-chinese-overcapacity/


Posted: 04/17/2024 at 11:31AM



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