jalopnik.com
You mean “frenemies” of course. China owns a massive amount of our ridiculously high debt.
That's irrevelant, as debt is sold on the open market (i.e. anyone can buy it, we don't choose). They are by no means in any way our friend.
China has benefitted for years from US administrations that shouted "Buy American" but fostered policies that were completely contradictory. So now, the US passes a law that actually benefits a sector of US manufacturing and the CCP is worried that subsidies to their own domestic companies are being mimicked by the US? [Insert Crying Jordan meme]Well this is going to be fun...
China Sends a Warning to the U.S. About Domestic EV Battery Production
China's Ambassador to the U.S. warned against cutting the superpower out of the EV supply chain.
