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2024-05-15 04:05:08

China Passes Tariff Law as Tensions with Trading Partners Simmer Amid Escalating Trade War with US on Nostr: Biden Imposes Heavy Import Tariffs on Chinese Electric Vehicles and Semiconductors ...

Biden Imposes Heavy Import Tariffs on Chinese Electric Vehicles and Semiconductors
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#52f5979e ver:1.16

President Biden imposes heavy tariffs on Chinese electric vehicles and semiconductors, including a 100% tariff on EVs and a 50% tariff on semiconductors. The move aims to ensure fair competition, prevent China from controlling the market, and address unfair trade practices. The tariffs cover $18 billion worth of goods and are part of ongoing trade tensions. Biden's administration seeks to protect American industries and jobs while consulting with allies. The impact on the US-China trade relationship and global economy remains uncertain. #TradeWar #Tariffs #China #ElectricVehicles #Semiconductors...

#newstr #Biden #China #Tariffs #ElectricVehicles #Semiconductors

https://here.news/story/52f5979e?ver=1.16
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