The Biden administration has started investing over $2 trillion in American factories and infrastructure to strengthen the country’s industry and address climate change. However, the surge of low-priced products from China poses a threat to these efforts. President Biden and his aides are considering protectionist measures to ensure American industry’s competitiveness against Beijing.
As U.S. factories gear up to manufacture electric vehicles, semiconductors, and solar panels, China is flooding the market with similar goods at lower prices. American executives and officials argue that China’s actions violate global trade rules, prompting calls for higher tariffs on Chinese imports in the U.S. and Europe.
The U.S. government is concerned that Chinese products could undermine American factories’ survival as they invest heavily in domestic manufacturing. Congress is also pushing for more protectionism against China, particularly in strategic goods such as electric vehicles and semiconductors.
