China using overproduction to dominate world markets

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WASHINGTON, D.C. — The United States will use restrictive tools like tariffs to push back against China’s practice of making far more goods than it needs in order to dominate global markets, White House official Daleep Singh said on Thursday.

Singh, deputy national security adviser for international economics, said the Asian giant has amassed growing market power that it uses for economic and geopolitical leverage, and Washington viewed the costs as unacceptable.

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