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The Biden administration just cranked up trade barriers against Chinese tech, doubling tariffs on semiconductors to 50% and quadrupling EV tariffs to a whopping 100%. Critics say it’s less about 'fair competition' and more about panic over China’s innovation edge.
CGTN analyst Zheng Junfeng argues the move exposes U.S. anxiety: 'While America slams doors shut, China’s streets host 1.7 million Teslas – proof openness drives progress.' With Beijing welcoming foreign tech and Washington building walls, Zheng asks: Who’ll pay the price for protectionism?
Global markets are watching closely. Analysts warn these tariffs could backfire, raising consumer costs and slowing green tech adoption. As trade tensions go full Game of Thrones, one thing’s clear: In a connected world, everyone loses when collaboration takes a back seat.
With Beijing welcoming foreign tech and Washington building walls, Zheng asks: Who’ll pay the price for protectionism?
