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Mr. Shambaugh argued that China has become using exactly the same system that it did with steel in overproducing and exporting low-priced green Electrical power know-how products and solutions and semiconductors.
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“In today’s interconnected financial system, this kind of overcapacity could also produce the concentration of provide chains in ways that ultimately decrease financial resilience,” Mr. Shambaugh said in remarks with the Council on International Relations.
The measure aims to shut a loophole that officers stated allowed metals produced partly in China to come into America obligation cost-free.
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