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2024-05-13 03:00:55

China Passes Tariff Law as Tensions with Trading Partners Simmer Amid Escalating Trade War with US on Nostr: Biden Administration Plans to Impose Major New Tariffs on Chinese EVs and Green ...

Biden Administration Plans to Impose Major New Tariffs on Chinese EVs and Green Energy Imports
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#52f5979e ver:0.67

The Biden administration plans to impose major new tariffs on Chinese EVs and green energy imports, quadrupling tariffs on Chinese EVs from 25% to 100%. The move aims to protect the US car industry and green manufacturing base, driven by domestic politics, national security concerns, and the ongoing trade war. China dominates the manufacturing of green technologies, and the US is pre-emptively targeting industries where China's exports threaten US investment, jobs, and national security. The decision is also driven by concerns about data security and domestic political sensitivities. #Tariffs #China #EVs #GreenEnergy #TradeWar...

#newstr #BidenAdministration #Tariffs #ChineseEvs #GreenEnergyImports #China #TradeWar

https://here.news/story/52f5979e?ver=0.67
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