China Passes Tariff Law as Tensions with Trading Partners Simmer Amid Escalating Trade War with US on Nostr: Biden Increases Tariffs on Chinese EVs and Chips, Escalating US-China Trade Tensions ...
Biden Increases Tariffs on Chinese EVs and Chips, Escalating US-China Trade Tensions
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#52f5979e ver:1.32
US President Joe Biden has increased tariffs on Chinese imports, including EVs and chips, to protect US jobs and address unfair trade practices. The tariffs will be phased in over the next three years, affecting $18 billion worth of goods. While aimed at leveling the playing field, the tariffs could raise consumer prices for EVs and impact global supply chains. China has criticized the move, and observers expect more mergers in new-energy industries. The US is seeking to reduce dependence on China, but the tariffs may push China to seek alternative markets. Tariffs have implications for the economy and investment choices. #TradeWar #Tariffs #EVs...
#newstr #UsTariffs #ChineseEvs #Chips #TradeTensions #JoeBiden #Beijing
https://here.news/story/52f5979e?ver=1.32
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#52f5979e ver:1.32
US President Joe Biden has increased tariffs on Chinese imports, including EVs and chips, to protect US jobs and address unfair trade practices. The tariffs will be phased in over the next three years, affecting $18 billion worth of goods. While aimed at leveling the playing field, the tariffs could raise consumer prices for EVs and impact global supply chains. China has criticized the move, and observers expect more mergers in new-energy industries. The US is seeking to reduce dependence on China, but the tariffs may push China to seek alternative markets. Tariffs have implications for the economy and investment choices. #TradeWar #Tariffs #EVs...
#newstr #UsTariffs #ChineseEvs #Chips #TradeTensions #JoeBiden #Beijing
https://here.news/story/52f5979e?ver=1.32