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Is China producing too much? US 'overcapacity' accusations: new tactic in economic war
Published 1 year, 10 months ago
Description
Washington accuses China of producing too many goods and demands "free market" policies. But the US government is spending trillions on industrial policy to protect its own manufacturing sector. Ben Norton details the hypocrisy of the allegations, the latest strategy in the US economic war on China.
VIDEO: https://youtube.com/watch?v=GUpWxNcdnYU
Topics
0:00 Intro
1:00 Chinese 'overcapacity' allegations
3:38 Janet Yellen
5:21 US vows to 'slow down China's rate of innovation'
8:02 Elon Musk begs for tariffs on Chinese EVs
10:40 US wants China to be economically subordinated
12:27 US tech war on China
14:39 Western industrial policy
16:31 Protectionism
18:38 US Inflation Reduction Act
20:12 US Chips Act
22:03 US undercapacity is the real problem
25:11 BYD has just 1.5% of EU EV market share
27:04 China's car exports vs Japan & South Korea
30:37 Is overcapacity a problem?
32:39 Outro