The Biden administration plans to impose major new tariffs on a range of imports from China. According to a U-S official familiar with the plan, new tariffs would be slapped on Chinese electric vehicles, semiconductors, solar equipment and medical supplies. China’s EVs present a problem for President Biden, who has pushed for electric vehicles in […]
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Biden administration to impose new tariffs on China imports
The Biden administration plans to impose major new tariffs on a range of imports from China. According to a U-S official familiar with the plan, new tariffs would be slapped on Chinese electric vehicles, semiconductors, solar equipment and medical supplies. China’s EVs present a problem for President Biden, who has pushed for electric vehicles in his climate agenda. But China’s low-priced vehicles could pose a threat to U-S manufacturing jobs. As the 2024 campaign wears on, both the president and Donald Trump are vowing to be tough on China.
