Biden Increases Tariffs on Chinese EVs and Chips, Escalating US-China Trade Tensions
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#52f5979e ver:1.32
US President Joe Biden has increased tariffs on Chinese imports, including EVs and chips, to protect US jobs and address unfair trade practices. The tariffs will be phased in over the next three years, affecting $18 billion worth of goods. While aimed at leveling the playing field, the tariffs could raise consumer prices for EVs and impact global supply chains. China has criticized the move, and observers expect more mergers in new-energy industries. The US is seeking to reduce dependence on China, but the tariffs may push China to seek alternative markets. Tariffs have implications for the economy and investment choices. #TradeWar #Tariffs #EVs...
#newstr #UsTariffs #ChineseEvs #Chips #TradeTensions #JoeBiden #Beijing
https://here.news/story/52f5979e?ver=1.32
China Passes Tariff Law as Tensions with Trading Partners Simmer Amid Escalating Trade War with US /
npub1f4…8q62f
2024-05-15 17:05:06
Author Public Key
npub1f4h06z4h224u24jmzhnjkdvfs5k7klehnwkvglk6hedz28xf6a0sx8q62fPublished at
2024-05-15 17:05:06Event JSON
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"content": "Biden Increases Tariffs on Chinese EVs and Chips, Escalating US-China Trade Tensions\n===============\t\n#52f5979e ver:1.32\n\nUS President Joe Biden has increased tariffs on Chinese imports, including EVs and chips, to protect US jobs and address unfair trade practices. The tariffs will be phased in over the next three years, affecting $18 billion worth of goods. While aimed at leveling the playing field, the tariffs could raise consumer prices for EVs and impact global supply chains. China has criticized the move, and observers expect more mergers in new-energy industries. The US is seeking to reduce dependence on China, but the tariffs may push China to seek alternative markets. Tariffs have implications for the economy and investment choices. #TradeWar #Tariffs #EVs...\n\n#newstr #UsTariffs #ChineseEvs #Chips #TradeTensions #JoeBiden #Beijing \n\n https://here.news/story/52f5979e?ver=1.32",
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