The US-China trade war, which began in January 2018 under Donald Trump with the imposition of tariffs on Chinese goods is heating up again and drawing more countries into the fray. Closely related to these trade tensions are competing industrial policies between the world’s two largest economies.
This development presents significant challenges for labor movements worldwide. Tariffs are not only about protecting jobs; they can also result in job losses. Industrial policy, used by nation-states to create jobs and move up the global value chain, can also be driven by great power competition and national security concerns. Under these circumstances, workers’ interests risk being sidelined or absorbed into to the military-industrial complex under the guise of industrial policy.
With the added pressure of climate change, labor movements around the world are at a crossroads. Workers worldwide are being buffeted by the competing demands of industrial policy, trade wars, and the pressing need for climate-conscious production strategies.
Earlier this year, after the Biden administration announced 100 percent tariffs on Chinese-made electric vehicles (EVs), Canada quickly followed suit. The European Union has also joined in, though its tariffs on Chinese EVs are set at 45 percent. In response, China has imposed tariffs on EU brandy and launched an anti-dumping investigation into Canadian canola oil. While these are hardly commensurate retaliatory measures, Chinese tariffs could escalate significantly if Trump returns to the White House. Trump, meanwhile, has…
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Auteur: Gerard Di Trolio
