* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Wednesday, September 3, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    TS Entertainment bringing Malibu Jack’s to former Owensboro mall – Lane Report

    TS Entertainment Launches Malibu Jack’s at Former Owensboro Mall Location

    Jenny Han Dropped a Major ‘The Summer I Turned Pretty’ Easter Egg Revealing [SPOILER] – yahoo.com

    Jenny Han Just Unveiled a Huge ‘The Summer I Turned Pretty’ Easter Egg That Changes Everything [SPOILER]

    Liam Payne’s Cousin Ross Harris Honors Late Singer With Emotional Song ‘Bones’ – yahoo.com

    Liam Payne’s Cousin Ross Harris Honors Late Singer with Emotional New Song ‘Bones

    Country music star apologizes after drunken show ends with cops taking him down: ‘I’m not OK’ – PennLive.com

    Country Music Star Apologizes After Drunken Show Ends in Police Intervention: ‘I’m Not OK

    Comanche Nation Entertainment closes casino near Devol – KSWO 7News

    Comanche Nation Entertainment Closes Casino Near Devol in Surprising Move

    Erykah Badu Announces ‘Abi & Alan’ Album With The Alchemist Will Be Delayed – yahoo.com

    Erykah Badu Opens Up About the Delay of Her Highly Anticipated ‘Abi & Alan’ Album with The Alchemist

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    The Economist is hiring a science and technology correspondent – The Economist

    Exciting Opportunity: Become Our Next Science and Technology Correspondent!

    Blockchain lender Figure Technology seeks to raise up to $526M in IPO (FIGR:Pending) – Seeking Alpha

    Blockchain Lender Figure Technology Sets Sights on $526M in Thrilling IPO Launch

    New Technology from Ramsey Theory Group Brings Diagnostic Testing and Telehealth Directly into Patients’ Homes – Yahoo Finance

    Revolutionary Ramsey Theory Technology Delivers Diagnostic Testing and Telehealth Right to Your Doorstep

    China’s CATL sells stake in Finnish subcontract car manufacturer – Reuters

    China’s CATL Sells Stake in Finnish Auto Supplier in Strategic Move

    This Secret Technology Will Make The IPhone 17 Super Thin Air – VOI.ID

    How This Breakthrough Technology Will Make the iPhone 17 Incredibly Thin and Lightweight

    Gator football kicks off with excitement and new technology – WCJB | TV20

    Gator Football Kicks Off with Thrilling Action and Innovative Technology

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    TS Entertainment bringing Malibu Jack’s to former Owensboro mall – Lane Report

    TS Entertainment Launches Malibu Jack’s at Former Owensboro Mall Location

    Jenny Han Dropped a Major ‘The Summer I Turned Pretty’ Easter Egg Revealing [SPOILER] – yahoo.com

    Jenny Han Just Unveiled a Huge ‘The Summer I Turned Pretty’ Easter Egg That Changes Everything [SPOILER]

    Liam Payne’s Cousin Ross Harris Honors Late Singer With Emotional Song ‘Bones’ – yahoo.com

    Liam Payne’s Cousin Ross Harris Honors Late Singer with Emotional New Song ‘Bones

    Country music star apologizes after drunken show ends with cops taking him down: ‘I’m not OK’ – PennLive.com

    Country Music Star Apologizes After Drunken Show Ends in Police Intervention: ‘I’m Not OK

    Comanche Nation Entertainment closes casino near Devol – KSWO 7News

    Comanche Nation Entertainment Closes Casino Near Devol in Surprising Move

    Erykah Badu Announces ‘Abi & Alan’ Album With The Alchemist Will Be Delayed – yahoo.com

    Erykah Badu Opens Up About the Delay of Her Highly Anticipated ‘Abi & Alan’ Album with The Alchemist

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    The Economist is hiring a science and technology correspondent – The Economist

    Exciting Opportunity: Become Our Next Science and Technology Correspondent!

    Blockchain lender Figure Technology seeks to raise up to $526M in IPO (FIGR:Pending) – Seeking Alpha

    Blockchain Lender Figure Technology Sets Sights on $526M in Thrilling IPO Launch

    New Technology from Ramsey Theory Group Brings Diagnostic Testing and Telehealth Directly into Patients’ Homes – Yahoo Finance

    Revolutionary Ramsey Theory Technology Delivers Diagnostic Testing and Telehealth Right to Your Doorstep

    China’s CATL sells stake in Finnish subcontract car manufacturer – Reuters

    China’s CATL Sells Stake in Finnish Auto Supplier in Strategic Move

    This Secret Technology Will Make The IPhone 17 Super Thin Air – VOI.ID

    How This Breakthrough Technology Will Make the iPhone 17 Incredibly Thin and Lightweight

    Gator football kicks off with excitement and new technology – WCJB | TV20

    Gator Football Kicks Off with Thrilling Action and Innovative Technology

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home General

Biden’s China tariff threats are more bark than bite, economists say

April 11, 2024
in General
Biden’s China tariff threats are more bark than bite, economists say
Share on FacebookShare on Twitter

U.S. President Joe Biden attends a bilateral meeting with Chinese President Xi Jinping at Filoli estate on the sidelines of the Asia-Pacific Economic Cooperation (APEC) summit, in Woodside, California, U.S., November 15, 2023. REUTERS/Kevin Lamarque

Kevin Lamarque | Reuters

The Biden administration this week sent several signals of a toughening U.S. economic strategy against China.

On Wednesday, President Joe Biden met with Japanese Prime Minister Fumio Kishida in Washington, D.C., to announce bolstered military collaboration between the two allies and to showcase the strength of the U.S.-Japan economic relationship.

“We agreed that our two countries will continue to respond to challenges concerning China through close coordination,” Kishida said at a joint press conference with Biden after their bilateral discussions.

Earlier in the week, Treasury Secretary Janet Yellen delivered tougher economic red lines on a visit to China.

Yellen amplified a concern shared by the United States and European Union members that Chinese companies are producing an overcapacity of cheap clean energy products like solar panels and electric vehicles. If there are not enough buyers for the supply, Beijing could dump them on global markets.

The U.S. has not ruled out future tariff hikes on Chinese imports if Beijing does not move to address the overcapacity concern, Yellen said in an interview with CNBC’s Sara Eisen, following sessions with her Chinese counterpart Vice Premier He Lifeng.

China has so far denied the overcapacity accusation as “groundless” and fired back that the U.S. is threatening protectionist trade policies to stifle global competition.

The prospect of new economic tensions between the U.S. and China comes as the two countries try to stabilize their already fraught relationship after several years of minimal communication, sparked in part by a yearslong tariff war.

“It remains unclear what this relationship will endure in the months and years ahead,” Yellen said at a press conference in Beijing on Monday.

Taken together, the administration’s moves translate into useful talking points for Biden on the 2024 campaign trail where both he and Republican Donald Trump express China-hawkish worldviews.

But they also risk refreezing bilateral relations between the two superpowers.

‘Only for show’

Economists largely see Biden’s threat of higher tariffs against China as more of a political tool than an economic one.

“This will not solve the problem. It’s only for show,” said Christopher Tang, a global supply chain professor at the University of California, Los Angeles. “In my view, this is for voters, to rally support for Biden.”

The president has been ramping up his economic aggression toward China, as Trump does the same, both vying for American workers’ votes.

Trump has said he would consider a 60% tariff on all Chinese imports and a possible 10% tariff on all imports across the board.

Former President Donald Trump speaks to guests at a rally on April 02, 2024 in Green Bay, Wisconsin. 

Scott Olson | Getty Images

Biden has floated tariffs of his own on Chinese electric vehicles and other clean energy products. He has doubled down on these threats, pledging to protect the American green jobs that his 2022 Inflation Reduction Act helped to create.

“Tariffs cannot solve the underlying problem, which is that the Chinese system has structural problems that are not being resolved,” said Daniel Rosen, the co-founder of the research firm Rhodium Group.

Rather, Rosen sees tariff hikes as a “stopgap measure” to temporarily rein in overcapacity surges when they happen. The hikes also have political utility by showing voters that “the people currently in power are not asleep at the wheel” when it comes to global economic threats, he said.

Loopholes and consequences

Tariffs can have unintended economic consequences that end up penalizing American importers and consumers more than they do the intended Chinese exporters.

For example, U.S. importers shouldered almost the full cost of the China tariffs imposed during the Trump administration and largely maintained under Biden, according to a report by the U.S. International Trade Commission.

“U.S. importers have absorbed the costs of the tariffs through a combination of less-favorable margins for sellers and higher prices for consumers or downstream buyers,” the report stated.

Part of the reason is loopholes that Chinese exporters can use to circumvent the tariffs.

“You can impose more tariffs, but there are workaround systems,” said Tang, the UCLA professor.

For example, the U.S. Trade Representative’s Office lists tariff exemptions for certain products if stakeholders prove that the tariff caused some form of economic harm or if the product could not be imported from somewhere else.

Chinese exporters can also get around the tariffs by shipping their products to another country for the last manufacturing steps before it goes to its final U.S. destination. China could ship battery components to Mexico, for instance, where the battery would get fully assembled and then be exported to the U.S., avoiding the levy.

Overall, tariff hikes could have negative short-term ramifications on the U.S. economy.

Goldman Sachs estimates that every percentage point increase in the effective tariff rate would directly reduce gross domestic product by 0.03%, increase consumer prices by 0.1% and raise inflation for one year.

“We’ve seen the consequences since Trump’s tariffs … a lot of manufacturers passed on the cost increase to consumers,” said Tang. “Then the question is, what exactly are we trying to accomplish?”

Don’t miss these exclusives from CNBC PRO

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : CNBC – https://www.cnbc.com/2024/04/11/bidens-china-tariff-threats-are-more-bark-than-bite-economists-say.html

Previous Post

Trump is about to face trial on criminal hush money charges. Here’s what to know

Next Post

Jim Cramer says Wall Street’s too cynical on Jerome Powell, Nvidia and Apple

When the crowds left, reefs came alive at Hanauma Bay – EurekAlert!

After the Crowds Disappeared, Hanauma Bay’s Reefs Burst Back to Life

September 3, 2025
Over 85 scientists say Energy Dept. climate report lacks merit – Reuters

More Than 85 Scientists Challenge the Credibility of Energy Department’s Climate Report

September 3, 2025
The secret of living forever? Science’s best answers so far – The Times

Unlocking Immortality: Science’s Most Promising Discoveries So Far

September 3, 2025
Style Spotlight: Paradise Valley City Lifestyle Drops September Issue – 12News

Discover the Vibrant Lifestyle of Paradise Valley in the New September Issue

September 3, 2025
The Economist is hiring a science and technology correspondent – The Economist

Exciting Opportunity: Become Our Next Science and Technology Correspondent!

September 3, 2025
2025 Fantasy football draft prep: NFL experts release rankings, top 150 picks, strategy, rookies to target – CBS Sports

2025 Fantasy Football Draft Prep: Top 150 Picks, Expert Rankings, Winning Strategies & Must-Target Rookies

September 3, 2025
World Bank urges fresh push on economic threat of pollution – Reuters

World Bank Urges Immediate Action to Tackle the Economic Toll of Pollution

September 3, 2025
Canada’s Economy Slows, But Stops Short Of Recession – Finimize

Canada’s Economy Slows, But Stops Short Of Recession – Finimize

September 3, 2025
TS Entertainment bringing Malibu Jack’s to former Owensboro mall – Lane Report

TS Entertainment Launches Malibu Jack’s at Former Owensboro Mall Location

September 3, 2025
How Trump health conspiracy theories went wild on social media – CNN

The Wild Spread of Trump Health Conspiracy Theories on Social Media

September 3, 2025

Categories

Archives

September 2025
MTWTFSS
1234567
891011121314
15161718192021
22232425262728
2930 
« Aug    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (805)
  • Economy (823)
  • Entertainment (21,703)
  • General (16,837)
  • Health (9,864)
  • Lifestyle (838)
  • News (22,149)
  • People (825)
  • Politics (831)
  • Science (16,034)
  • Sports (21,322)
  • Technology (15,804)
  • World (804)

Recent News

When the crowds left, reefs came alive at Hanauma Bay – EurekAlert!

After the Crowds Disappeared, Hanauma Bay’s Reefs Burst Back to Life

September 3, 2025
Over 85 scientists say Energy Dept. climate report lacks merit – Reuters

More Than 85 Scientists Challenge the Credibility of Energy Department’s Climate Report

September 3, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version