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Home»News
News

Opinion | China’s Displeasure with Bidenomics Is to Be Expected.

March 28, 2024No Comments2 Mins Read
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The Republican Party has been portraying Democrats and President Biden as being soft on China, highlighting Trump’s supposed toughness towards the country. One of the main arguments against Biden was his failure to ban TikTok, which Trump had initially supported. However, it was later revealed that Trump changed his stance on the ban after meeting with a billionaire who has ties to the Chinese-controlled company. Despite Trump’s xenophobic rhetoric and ineffective tariffs, he lacked a coherent strategy to confront China. In contrast, Biden has implemented tough trade policies towards China, including the Inflation Reduction Act, which aims to fight climate change by promoting a low-emission economy.

China recently filed a complaint with the World Trade Organization about the Inflation Reduction Act, particularly targeting electric vehicle subsidies that discriminate against Chinese-made car battery components. This move by China, known for its substantial subsidies for domestic companies, has raised eyebrows as it faces criticism for its own discriminatory policies. The Biden administration has made it clear that it will defend the subsidies outlined in the I.R.A., which are essential for its climate strategy and job creation initiatives. Treasury Secretary Janet Yellen has also warned China about its overcapacity in green energy, exacerbated by subsidies.

While the motives behind China’s complaint remain unclear, it is speculated that the Chinese government may be feeling the pressure from Biden’s tough policies. In addition to electric vehicle subsidies, the U.S. is also promoting semiconductor production and limiting technology exports to China to restrain its technological progress. Despite concerns over the potential consequences of Biden’s strict China policy, it is seen as the right approach by the administration. The contrast between Trump’s rhetoric against China and Biden’s actions highlights the effectiveness of Biden’s policies.

Despite continued claims by Republicans that Biden is soft on China, the Chinese government’s complaint to the W.T.O. reflects an acknowledgment of the administration’s tough stance towards the country. Biden’s approach, which emphasizes a firm but less vocal approach compared to Trump, has proven effective in pressuring China. The administration’s commitment to defending its subsidies and promoting job creation through climate initiatives underscores its determination to prioritize American interests. Ultimately, Biden’s strategic policies towards China are aimed at advancing U.S. economic and environmental goals, even at the expense of potential international disputes.

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