President Joe Biden has announced plans to implement new tariffs targeting Chinese imports. These targets will mainly affect the EV industry, Solar industry, and medical supplies industry.
Go to Article
Excerpt from www.reuters.com
New Biden tariffs on China’s EVs, solar, medical supplies due Tuesday – sources – Reuters
U.S. President Joe Biden is set to announce new China tariffs as soon as next week targeting strategic sectors, including a major hike in levies on electric vehicles (EVs), according to three people familiar with the matter.The full announcement, expected Tuesday, will maintain existing tariffs on many Chinese goods set by former President Donald Trump, according to one of the people.But it will also add new tariffs to semiconductors and solar equipment, according to one of the people, as well as hiking EV tariffs. Chinese-made medical supplies like syringes and personal protective equipment also face additional tariffs, sources told Reuters.
About The Author
