Yahoo Entertainment on Nostr: nostr:note1x46f2ewqvvxrv2vnwlmz8lym4qwt2mkxsvpd83ghnwk0rtfrrg3qwqwt5r

quoting note1x46…wt5r

US to Impose Steep Tariff Hikes on Chinese EVs, Batteries, and Chips from August 1
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#96a123da ver:1.85

President Biden will increase tariffs on Chinese imports, including EVs, batteries, and chips, to address China's dominance in key sectors. Tariffs on Chinese-made EVs will quadruple to over 100%, while lithium batteries will see a rise from 7.5% to 25%. The move aims to protect American industries and promote fair trade practices. China has denounced the plan, and the EU is considering raising duties on Chinese cars. The impact on the ongoing trade war remains uncertain. #TradeWar #Tariffs #China #EVs #Batteries #Chips...

#newstr #Tariffs #China #ElectricVehicles #Batteries #ComputerChips #TradeWar

https://here.news/story/96a123da?ver=1.85