U.S. looks to team up with Europe to counter Chinese exports

The Biden administration argues China subsidizes its products so aggressively and produces them at such scale it undermines other countries' economic output, which should be a global concern. Last week, Treasury Secretary Janet Yellen asked her European counterparts for help. Mark Wu, professor of law at Harvard University, joins CBS News to discuss whether a multi-national approach could produce real results.
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[@dfv671]

Isn't cheap solar good for the environment?

[@user-ne8yi1io4h]

Here we go again…. Not a day goes by without war talk or economic war talk. So tired of this.

[@amywheelwright3146]

The US subsidizes its business too. The difference is, the US subsidies go to those companies' shareholders and top management, the Chinese subsidies go to the consumers as cheaper products, including US consumers.

[@designrama68]

2009 - 2023 our government gave $2.8 billions to Tesla alone. Every country subsides its major industry. Stop complaining and start competing.

[@franklay5605]

Wake up to yourself Europe you have learned the lesson from the North Stream gas pipelines

[@kawaitheam3418]

Telling lies after lies to earn a living. What a pity to her. Why the Director did not mentioned the US and EU also subsidizes the player's? Is he giving a biased information?

[@slowwalker1061]

for example, US told Australia to not friendly with & did accordingly. Ended up exports of Lobsters, Wines etc. blocked. US then sell those to them. Still sleeping? Take care.

[@Shadowscares433]

Yes cheap but good quality products that America and now the EU made double the price but low quality products 😂😂😂😂

[@jackiepaper101]

I prefer the Chinese system where products are affordable. I don't care if Western corporations profits go down.

[@hitthedeck4115]

Sounds like the '80s when Japanese semiconductors and cars were at "overcapacity" and flooded the global market.

[@ct4566]

Wait, when the US dominated the auto industry for decades.. not a problem! Another country uses the same play book.. and now it's a problem! Hilarious 😂

[@rybfish76]

These politicians are making policies like its 1991.🙄

[@yattyc]

China is getting punished for doing too well, what a tragic timeline we're living in.

[@triple8331]

"Losers focus on winners. Winners focus on winning" ✌️

[@CryHarder666]

So capitalism is only ok if it’s not China doing it 😂😂😂😂

[@kimandstevelimmcintyre657]

Instead of finding a way to be better or more competitive, US and EU chose to blame and complaint. This is self defeating, pathetic and moronic.

[@peterbedford2610]

Don't buy US treasuries, don't sell to US

[@TheSingularity8]

So they claim that China subsidizes goods that Americans buy? So the CCP pays for part of goods that I buy. Why is that a bad thing?

[@jklee5419]

The US loves inflation so much that it fears the foreign products are too cheap.

[@wepatopatore7675]

No wonder why things are getting expensive and expensive every day