Biden's tariffs on China expose US hypocrisy on 'free trade' & tech subsidies

from Geopolitical Economy Report · host Ben Norton

The Joe Biden White House imposed high tariffs on Chinese technological products, including electric vehicles (EVs), solar panels, batteries, and semiconductors. Ben Norton analyzes the hypocrisy of US government accusations that Beijing provides unfair subsidies to its industries, while Washington is spending trillions on industrial policy -- and how this exposes the "free trade" dogma spread by neoliberal economists as a myth. VIDEO: https://youtube.com/watch?v=a7okuN2qJU8 Our related video: "Is China producing too much? US 'overcapacity' accusations: new tactic in economic war" - https://youtube.com/watch?v=GUpWxNcdnYU Topics 0:00 Biden puts tariffs on China 1:05 Elon Musk demanded tariffs on Chinese EVs 1:55 US "overcapacity" allegations 2:40 Europe threatens tariffs too 3:19 Biden condemned tariffs in 2019 4:58 Climate change hypocrisy 6:13 "Free market" myth 8:47 "Forced" technology transfer myth 13:12 BYD outcompetes Tesla 13:56 Neoliberalism: de-industrialization & financialization 18:26 Subsidies: US gov't plans trillions in benefits 23:52 More tariffs on Chinese products 25:30 Washington Consensus 29:01 US destroys WTO (after creating it) 31:28 Protectionism: How US & UK really developed 39:39 Outro

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This episode was published on May 15, 2024.

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