Will China Flood the Globe with EVs, Green Tech? Whats Behind Latest US-China Trade Fight?

Published: April 9, 2024, 9:04 p.m.

Leslie is joined by Scott Paul, President of the Alliance for American Manufacturing (AAM), a partnership established by some of America\u2019s leading manufacturers and the United Steelworkers union.

First, Scott explains how high interest rates and trade deficits are stifling U.S. factory jobs growth.

Second, Leslie and Scott move across the globe to discuss China, where U.S. Treasury Secretary, Janet Yellen, is wrapping up a five day trip.
Scott begins this discussion by highlighting how Beijing's economic success remains tied to U.S. market access, and how that offers America leverage.

Next, Leslie and Scott discuss the increasingly high risk that China will flood the globe with EVs and green tech thanks to their government subsidized overcapacity in both industries.
During her current trip to the Communist nation, Secretary Yellen says that the concern about excess capacity is shared by many other countries in addition to the U.S., both developing as well as rich ones.
\u201cThis is not anti-China policy,\u201d she said. \u201cIt\u2019s an effort for us to mitigate the risks from the inevitable global economic dislocation that will result if China doesn\u2019t adjust its policies.\u201d

Finally, Scott shares the advice he provided to a panel convened last week by the Washington International Trade Association (WITA) about Chinese auto imports.
To summarize, he encourages the U.S. not to wait for China\u2019s heavily subsidized car to arrive here.\xa0 But instead, to be PROACTIVE!

For over 16 years, Scott Paul and AAM have worked to make American manufacturing a top-of-mind issue for voters and our national leaders through effective advocacy, innovative research, and a savvy public relations strategy.

Their website is www.AmericanManufacturing.org and their handle on X is @KeepItMadeInUSA.
Scott's handle is @ScottPaulAAM.

(Image Credit: Getty Images)