The US Is Losing The Trade War With China
The US president proclaimed his meeting with Xi Jinping was a smashing success, but many ask whether the US lost more than it gained.
The US president proclaimed his meeting with Xi Jinping was a smashing success, but many ask whether the US lost more than it gained.
Tennessee will play a key role in the domestic EV battery supply chain, as the host of two new factories slated to produce synthetic graphite in bulk.
In response to the ongoing trade war with the US, China has decided to double the size of the Free Trade Zone south of Shanghai to attract more foreign investment.
Electric cars use cobalt and rare earth metals. The Chinese are hording them and may refuse to sell them to the US. Therefore we the US should immediately ban the sale of electric cars in the name of national security? Got all that?
Welcome to the next issue of China x Cleantech, our December 2018 edition. The year has closed, but let us review the final interesting cleantech developments from China last year.
Tesla has applied for an exemption from the tariffs imposed by the Trump maladministration on the computer that is the “brain” of the Model 3, saying it cannot find another supplier without adding significantly to its costs and delaying production.
One thing Trump clearly does not understand is that trade wars are won by cutting off the competition from its suppliers and customers. This means isolating the enemy. It implies building alliances and cutting the enemy off from its friends. This is something that probably cannot be done by an isolationist country.
When I wrote “Trump Is Already Losing The Trade War,” last March, I did not envision things going quite this badly for him quite this fast. Here it is just six months later, and I think it is possible to predict that Trump’s America can only suffer increasing losses as the catastrophe goes on.
The United States imposed an additional 25% tariff on imported Chinese solar cells and modules last week in America’s steadily escalating trade war with one of the world’s most dominant economies and international powers.
Actions have consequences. Donald Trump has initiated a full-scale trade war with China. Has he considered what the consequences may be for American companies like Tesla and GM?