A bipartisan group of U.S. lawmakers has urged the Biden administration to consider increasing tariffs on Chinese cars and strengthening rules on countries of origin to prevent Chinese electric vehicles (EVs) from flooding the United States. The group, led by Rep. Mike Gallagher (R-Wis.), who chairs the House Select Committee on the Chinese Communist Party (CCP), expressed concerns that due to Beijing’s unfair policies, Chinese EVs might soon flood the U.S. market, hurting American automakers and workers. “For more than a decade, the PRC has given its homegrown automakers an unfair competitive advantage, providing them with discriminatory government subsidies and preferential market access policies, while pressuring foreign automotive firms to localize and transfer their core technologies to PRC firms,” the four lawmakers wrote in the letter, dated Nov. 7, to the office of Trade Representative (USTR) Katherine Tai....Read more https://www.theepochtimes.com/us/us-lawmakers-call-for-tariffs-increase-on-china-made-cars-amid-ccps-ev-dominance-concerns-5526945
Global summits rarely make big headlines, but the Asia-Pacific Economic Cooperation (APEC) leaders’ meeting in San Francisco, which began this weekend, will be an exception. The event will set the stage for a highly anticipated meeting between President Joe Biden and Chinese leader Xi Jinping this week, which will be watched closely throughout the world. As the summit’s slogan puts it, “APEC is going to be EPIC.” This year, President Joe Biden is chairing the 30th annual summit that is bringing together the leaders of the forum’s 21 members on Nov. 11–17 in California. The summit’s goal is to explore policy ideas and promote international trade and investment. However, the Biden-Xi meeting on the sidelines of the summit will steal the spotlight....