Biden starting trade war with China

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(At least that’s what they called it when Trump did it.)

Biden to increase tariffs on $18 billion in Chinese imports in a new warning to Beijing

President Joe Biden is increasing tariffs on $18 billion in Chinese imports across a handful of sectors deemed strategic to national security – an attempt to cripple Beijing’s development of critical technologies and instead prioritize US production.

The increases will apply to imported steel and aluminum, legacy semiconductors, electric vehicles, battery components, critical minerals, solar cells, cranes and medical products. The new tariff rates – which range from 100% on electric vehicles, to 50% for solar components, to 25% for all other sectors – will take place over the next two years.

www.cnn.com/2024/05/14/politics/biden-tariffs-chinese-imports/index.html

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Biden outdoes Trump with ultra-high China tariffs
The move, which hits electric vehicles, carries an environmental cost

www.economist.com/finance-and-economics/2024/05/14/biden-outdoes-trump-with-ultra-high-china-tariffs

h/t Guest

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