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Speaker 1: Here's why we should care about what sounds like a

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Speaker 1: bit of an obscure trip from some US officials to

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Speaker 1: Beijing this week. They are going to meet to talk

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Speaker 1: to their counterparts about a wave of Chinese goods flooding

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Speaker 1: world markets. So output. China obviously has enormous manufacturing capacity

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Speaker 1: and enormous machine behind it, and the output has gotten

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Speaker 1: too large for the world to absorb. The strategy by

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Speaker 1: China they reckon, and this is why the US officials

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Speaker 1: are going there. The strategy is demand at home is

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Speaker 1: a bit weaker for them, so they pump up production

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Speaker 1: and they ship the excess offshore. The idea is they

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Speaker 1: would build more resilient supply chains throughout the world. They'll

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Speaker 1: get us hooked on cheap goods. I mean, think we're

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Speaker 1: like crack addicts at a dollar store, aren't we think

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Speaker 1: about EV's the huge subsidies that go on there. You know,

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Speaker 1: your temuchine, those types of websites, and they are squeezing

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Speaker 1: in the process, squeezing other manufacturers around the world, including

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Speaker 1: the United States, which is why the United States is

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Speaker 1: setting a delegation to go and say stop that please.

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Speaker 1: It's also why you're seeing a response, a tariff response

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Speaker 1: from Europe, from the US, even some friendly Asian states,

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Speaker 1: even places like Indonesia, are starting to put tariffs on China.

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Speaker 1: The goal seems to be from them subsidize these manufacturers,

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Speaker 1: flood the market around the world, build supply lines, resilient

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Speaker 1: supply lines, hook us in on these cheap goods, and

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Speaker 1: in the process, destroy the competition. For more from News

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