U.S. keeping tariffs on Chinese imports till Beijing opens up economy, trade rep says
“‘Until the day that China chooses a path to have its economy operate more like ours … we need to have more effective tools in ensuring that we can continue to compete and we can continue to allow our economy to thrive along the principles that our economy is built on,’ she added. ‘That is a combination of the tariffs that are in place’ and initiatives like the Chips and Science Act, which Biden last month signed into law to provide government funding for domestic semiconductor manufacturing.”
[South Asian Tribune]
U.S. and China feud over subsidies for green tech
“The inability of other companies to compete with subsidized Chinese rivals was also creating ‘concentrated supply chains’ that threaten the stability of global markets if China cuts off supply, Yellen said, adding that she planned to raise the issue on her next trip to Beijing. She singled out the solar industry, electric vehicles and lithium-ion batteries as the main areas where an artificial oversupply exists.”
[Radio Free Asia]
Baltimore bridge collapse to cause logistics headaches, not supply chain crisis
“Supply chain experts say U.S. port infrastructure is more resilient than during 2021 and 2022, when they were understaffed and clogged with ships and containers, spiking prices and contributing to inflation as Americans binged on goods purchases during the COVID-19 pandemic.”
[The Economic Times]
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