China and Subsidies

China and Subsidies

China’s economic growth plan is based on promoting exports at all cost, regardless of legality. To accomplish this, the Chinese government provides massive subsidies to many of its industries to allow them to produce goods for export at an artificially lower cost.

For example, the Chinese government holds down the cost of fuel and electricity, which makes the cost of industrial production lower. The government also provides free land and utilities to companies in key economic sectors, limits competition by regulating distribution of products, hands out free to low-cost loans to favored companies and whole industrial sectors, and utilizes many other methods of promoting its export industries at the expense of those who play by the rules. China needs to be held accountable for these illegal trade practices. AAM has been thoroughly examining and exposing China’s practices because it is crucially important to ensure all products traded in the international marketplace enjoy fair and equitable treatment.

@KeepitMadeinUSA on Twitter

  • ... all of this is to say that there were social & economic consequences from the loss of millions of manufacturing… https://t.co/AcJBeb2Twe 3 hours 21 min ago
  • ...because Trump hasn't done much to actually follow through on his promises on trade. The Americans hurt by job lo… https://t.co/nD0U0tqgvb 3 hours 24 min ago
  • ... all of this is to say that regardless of what you might think of Team Trump, we as a nation are still very much… https://t.co/Ju5pg4nbZ8 3 hours 28 min ago
  • ... There's very strong evidence that the loss of factory jobs is one of the contributing factors to the "deaths of… https://t.co/gT746EUxe5 3 hours 31 min ago
  • ... the National Bureau of Economic Research and Yale University found areas exposed to trade liberalization exhibi… https://t.co/iNOJCiLB6E 3 hours 33 min ago
  • ... this study found it led to lower marriage rates of some manufacturing workers who lost jobs to trade. That also… https://t.co/ak20UtZ4yu 3 hours 34 min ago
  • ...unemployment and cut wages. One study found that areas and industries targeted by import competition caused “hig… https://t.co/W1d7gzuzTg 3 hours 36 min ago
  • Let's talk about that White House memo on manufacturing. It's been widely mocked (and not without some reason). But… https://t.co/8BLFdwKMZR 3 hours 37 min ago
  • Mock that White House memo all you want. But the loss of millions of factory jobs had real economic & social costs. https://t.co/ivkvMdn3Ff 3 hours 50 min ago
  • LISTEN: Vincent Vittorio (@2v) on the American Made Movie & the future of Made in America. https://t.co/5UrG2exKZz… https://t.co/M02iDMB9HY 8 hours 48 min ago