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Officials inside the Biden administration reported the United States preferred to guard American factories that develop metal and aluminum, together with the ones that have a short while ago received new investments from authorities resources.
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“Addressing these worries might warrant our taking defensive motion to guard our corporations and staff — and the traditional Resource package of trade actions may not be ample,” Mr. Shambaugh extra. “Extra creative strategies could be required to mitigate the impacts of China’s overcapacity.”
“In now’s interconnected economy, these types of overcapacity can also bring on the concentration of provide chains in ways in which in the end cut down financial resilience,” Mr. Shambaugh mentioned in remarks for the Council on Foreign Relations.
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