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2024-05-17 03:06:17

US Treasury Secretary Yellen Urges Slowing China's Overproduction of Clean Energy Goods on Nostr: US Tariff Hikes on Chinese Products Criticized as a Breach of Trade Rules ...

US Tariff Hikes on Chinese Products Criticized as a Breach of Trade Rules
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#96a123da ver:1.61

President Biden's increase in tariffs on Chinese goods, including electric vehicles, has been criticized as a breach of trade rules. The move aims to protect domestic industries but risks hurting global trade and growth, according to the IMF. Chinese officials argue that the tariffs increase prices, burden American consumers, and hinder global innovation. The US practice of resolving disputes through arbitrary tariffs is seen as a bad example for other WTO members. The trade war between the US and China continues to impact the international trade landscape. #TradeWar #Tariffs #GlobalTrade...

#newstr #UsTariffHikes #ChineseObjection #TradeRules #GlobalEconomicCooperation #Wto

https://here.news/story/96a123da?ver=1.61
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