The Chinese regime’s failure to rein in overcapacity is inflicting mounting damage at home and abroad, trend experts warn, prompting the United States and other nations to impose steeper tariffs and tighter restrictions on goods from China.
U.S. Trade Representative Jamieson Greer told Fox News on July 27 that Washington is now conducting an investigation under Section 301 of the Trade Act of 1974 targeting excess capacity in countries such as China, and that it could lead to additional tariffs.
“They have industrial policies to give subsidies to their companies, so they don’t have to make a profit, and they can sell and dump manufactured goods in the U.S.,” Greer said….
Unchecked Chinese Overcapacity Could Trigger Global Tariffs and Restrictions: Analysts
