US Treasury Calls for Stronger Measures Against China's Industrial Overcapacity
US Treasury Calls for Stronger Measures Against China's Industrial Overcapacity

US Treasury Calls for Stronger Measures Against China's Industrial Overcapacity

News summary

The U.S. Treasury's Jay Shambaugh emphasizes the need for innovative strategies beyond tariffs to counter China's subsidized industrial overcapacity, which distorts global markets. Traditional trade defense methods like Section 301 tariffs may not suffice against China's excess production. Shambaugh advocates for defensive actions to protect firms and workers from distortions in China's economy, urging creative approaches to address overcapacity challenges. Bipartisan efforts and potential legislation aim to extend anti-dumping measures to Chinese goods produced in third countries. The U.S. administration seeks new defensive tactics, highlighting concerns about China's industrial policies and global economic ramifications.

Story Coverage
Bias Distribution
100% Center
Information Sources
a3544a73-dab3-486d-ae75-bd4d15f01f55
Center 100%
Coverage Details
Total News Sources
1
Left
0
Center
1
Right
0
Unrated
0
Last Updated
118 days ago
Bias Distribution
100% Center

Open Story Timeline

Story timeline 1Story timeline 2Story timeline 3Story timeline 4Story timeline 5Story timeline 6Story timeline 7Story timeline 8Story timeline 9Story timeline 10Story timeline 11Story timeline 12Story timeline 13Story timeline 14

Analyze and predict the
development of events

Related News
Ask VT AI
Story Coverage

Related Topics

Subscribe

Stay in the know

Get the latest news, exclusive insights, and curated content delivered straight to your inbox.

Related News
Recommended News