News18 on Nostr: ‘Cheating Instead Of Competing’: Biden Unveils Steep Tariffs On Chinese Imports ...
‘Cheating Instead Of Competing’: Biden Unveils Steep Tariffs On Chinese Imports
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US President Joe Biden announced steep tariff hikes on Chinese imports, including electric vehicles and semiconductors. The tariffs are aimed at allowing US automakers to compete fairly and prevent China from controlling the market for these products. Tariffs on EVs will quadruple to 100% this year, while tariffs on semiconductors will increase from 25% to 50% next year. The measures target a total of $18 billion worth of Chinese imports, including batteries, critical minerals, and medical products. The move is seen as a way for Biden to appear tough on trade ahead of the US presidential election. China has criticized the tariffs, warning that they will affect bilateral cooperation and violate WTO rules.
#JoeBiden #UschinaTradeDispute
https://www.news18.com/world/cheating-instead-of-competing-biden-unveils-steep-tariffs-on-chinese-imports-8890797.html
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US President Joe Biden announced steep tariff hikes on Chinese imports, including electric vehicles and semiconductors. The tariffs are aimed at allowing US automakers to compete fairly and prevent China from controlling the market for these products. Tariffs on EVs will quadruple to 100% this year, while tariffs on semiconductors will increase from 25% to 50% next year. The measures target a total of $18 billion worth of Chinese imports, including batteries, critical minerals, and medical products. The move is seen as a way for Biden to appear tough on trade ahead of the US presidential election. China has criticized the tariffs, warning that they will affect bilateral cooperation and violate WTO rules.
#JoeBiden #UschinaTradeDispute
https://www.news18.com/world/cheating-instead-of-competing-biden-unveils-steep-tariffs-on-chinese-imports-8890797.html