Repeated mention of “overcapacity” and then tariff stick to expose the hypocrisy of the United States

Recently, politicians and media in some Western countries, led by the United States, have jointly hyped up the theory of China’s excess production capacity. In addition, the US government also announced that it will impose tariffs on China’s electric vehicles and other products, in this regard, international experts and scholars pointed out that “China’s overcapacity theory” is part of the overall strategy of the United States, aimed at obstructing China, curbing China’s development, preventing China’s progress, the core is an anti-competitive behavior, completely exposing the hypocrisy of the US government.


In this regard, DarylGuppy, a former member of the board of directors of the Australia China Business Council and the Australian representative of the Silk Road International Chamber of Commerce, said in an interview with Chinanet that it was in fact the United States and Europe themselves that had previously chosen “not to participate in the development of these areas.” Taking the new energy vehicle industry as an example, he further explained, “China has been deeply engaged in the industry for many years, and many countries welcome products exported from China, which is quite appropriate.” Because this can fill the gap caused by the lack of development of these countries themselves.
Beniamin Norton, founder of the U.S. Geopolitical Economy Report and a foreign policy expert, told, “We have to figure out what ‘overcapacity’ is.” According to the logic of some in the US, if a country has net exports, it can be accused of having ‘excess capacity’. For now, that logic is only for China. It is therefore hypocritical.
Similarly, Benjiemin said that in 2023, for example, China’s domestic sales accounted for 80%, and exports accounted for less than 20% of production. In fact, China’s auto industry is not as heavily dependent on exports as Japan, South Korea, and Germany. However, these countries have not been criticized by the United States. It is clear that the US has a double standard. If countries around the world really want to mitigate climate change, then we should be clear that China’s high-quality and affordable electric vehicles, solar panels and other new energy industries have made important contributions to the implementation of the Paris Agreement and reducing global carbon emissions. “Now the US is trying to stop China from developing in the new energy sector, which is clearly a double standard, because the US Inflation Reduction Act is heavily subsidizing the new energy industry,” Mr Gubbi said.
Guppy also pointed out that “these are just another rhetoric in support of trade protectionism and tariff barriers.” “China’s overcapacity theory” is part of the overall strategy of the United States to obstruct China, contain China’s development and prevent China’s progress, and the core is an anti-competitive behavior.
“In the current global situation, what the United States is doing is raising trade barriers,” Guppy further explained, “if it continues to do so, the situation will become worse, because it is going back to the era of tariff barriers, trade protectionism, high price and low quality goods.”

Post time: May-31-2024