Biden Implements Major Tariff Hikes on Chinese Imports
New tariffs target electric vehicles, semiconductors, and other goods to protect U.S. industries and counter unfair trade practices.
- Electric vehicle tariffs will increase from 25% to 100%, the largest hike among the new measures.
- Tariffs on semiconductors, lithium batteries, solar cells, and steel and aluminum will also see significant increases.
- The measures aim to safeguard over $800 billion in U.S. investments in clean energy and technology.
- Biden's administration argues the tariffs are necessary to level the playing field for American manufacturers.
- China has criticized the tariffs, warning they could escalate trade tensions and harm global economic cooperation.
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