US, Europe Wage War on China’s Lavish Subsidies, Cheap Goods

Cheap Chinese products could hurt President Biden’s Made in America initiative, the White House warns.

U.S. President Joe Biden greets Chinese leader Xi Jinping before a meeting during the Asia-Pacific Economic Cooperation (APEC) Leaders' week in Woodside, Calif., on Nov. 15, 2023. Brendan Smialowski/AFP via Getty Images

At the G7 summit in Japan last year, the United States and Europe composed a new playbook to counter China’s economic might, trade intimidation, and government subsidies for green technology.

A year later, the world’s wealthiest economies could follow this blueprint and employ various measures, be it anti-dumping strategies or import tariffs.