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According to the latest news, the U.S. government's plan for high tariffs on China's new energy industry has surfaced, apparently ruthlessly targeting China's core areas such as electric vehicles, batteries, photovoltaics and medical devices.
White House insiders leaked that the tariff policy, which is up to 100 percent, is expected to be officially unveiled next week, and the spearhead is directly aimed at China's booming emerging industries.
It has to be said that this move is undoubtedly playing with fire by the US government, trying to curb the influx of Chinese products through trade barriers and protect the pitiful self-esteem of its local industry.
U.S. Treasury Secretary Janet Yellen accidentally showed her fox's tail in the face of a pointed question in a radio interview.
She trumpeted China's "overcapacity" in electric vehicles and clean energy in an attempt to portray this normal market phenomenon as a "threat" to the U.S. economy.
Such absurd remarks are nothing more than an excuse for the US Government's unreasonable tariff policy.
Yellen's remarks inadvertently revealed the true intention of the U.S. government to use external pressure to suppress China's development in key emerging industries.
The radio host hit the nail on the head: "Has the United States lost to China in the field of new energy?" This issue not only exposes the paper tiger nature of the US strategy, but also exposes the ugly face of its protectionism in global trade.
The U.S. move not only violates international trade norms, but also admits its competitive disadvantages in certain key technology fields.
In the interview, Yellen was unashamed to say that the U.S. government has not hesitated to implement targeted investment subsidies to protect its fragile electric vehicle and clean energy industries to prevent U.S. companies from collapsing under competitive pressure.
She even claimed in a "miserable" tone that the rapid development of China's solar industry has had a huge impact on the United States, leaving many American companies in jeopardy.
However, the fact is that China maintains a clear advantage in the technology and market size of new energy vehicles, and the so-called "overcapacity" in the United States is extremely inconsistent with China's electric vehicles, which account for only 12% of global production and the growth of global demand for new energy vehicles.
Chinese Foreign Ministry spokesman Lin Jian strongly condemned the unreasonable actions of the US government.
He pointed out that the Section 301 tariffs imposed by the United States in the past have seriously interfered with normal economic and trade exchanges between China and the United States, and have been ruled by the World Trade Organization to be a violation.
Lin Jian denounced the US side for not only failing to correct its mistakes, but politicizing economic and trade issues and abusing tariffs, which is undoubtedly digging its own grave.
China will unswervingly take all necessary measures to safeguard the country's economic interests and the legitimate rights and interests of enterprises.
Professional analysts also pointed out that if the United States dares to attack China's electric vehicle industry, China will resolutely retaliate.
Chinese-made electric vehicles are gaining popularity in the international market and demand is growing.
And the protectionist policies of the United States will only constrain its own development and may harm the economic interests of American companies, because the final cost of tariffs will be borne by American consumers and businesses.
The U.S. moves on the international stage have fully exposed its fear and uneasiness about China's new energy industry.
Trying to solve the problem by imposing tariffs will only increase tensions in the relationship between the two countries and make the prospects for global economic cooperation even more uncertain.
This self-serving policy choice not only tramples on international trade rules, but also shows a serious lack of responsibility for global economic development.
The United States will go further and further down this path of self-imposed limitations, and in the end it will only reap the consequences of its own efforts, and may even fall into a situation of isolation and helplessness on the global stage.