China Passes Tariff Law as Tensions with Trading Partners Simmer Amid Escalating Trade War with US on Nostr: Biden Quadruples Tariffs on Chinese EVs and Semiconductors, Drawing Strong Opposition ...

Biden Quadruples Tariffs on Chinese EVs and Semiconductors, Drawing Strong Opposition from Beijing
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#52f5979e ver:1.22

US President Biden has quadrupled tariffs on Chinese EVs and semiconductors, drawing strong opposition from Beijing. The measures target $18 billion worth of imports, including strategic sectors like batteries and medical products. This move is seen as an attempt to appear tough on trade ahead of the US presidential election. China warns of severe effects on bilateral cooperation and violation of WTO rules. The tariff hikes signal protection of the US car industry from Chinese competition. #TradeWar #BidenAdministration #China...

#newstr #JoeBiden #Tariffs #ChineseImports #ElectricVehicles #Semiconductors #UschinaTradeWar #UsPresidentialElection #Michigan #China #WtoRules

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