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2024-05-13 03:06:39

China Passes Tariff Law as Tensions with Trading Partners Simmer Amid Escalating Trade War with US on Nostr: Biden Administration to Quadruple Tariffs on Chinese EVs and Increase Levies on Key ...

Biden Administration to Quadruple Tariffs on Chinese EVs and Increase Levies on Key Industries
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#52f5979e ver:0.68

President Biden will quadruple tariffs on Chinese EVs and increase levies on key industries to protect American workers and differentiate from Trump. Tariffs on Chinese EVs will rise to 102.5%, excluding certain items to support the US solar industry. The decision is symbolic as China doesn't heavily rely on US consumers, but Chinese solar equipment makers saw a decline in shares. Biden's focus is on longstanding concerns. #BidenAdministration #Tariffs #ChineseEVs...

#newstr #Biden #China #Tariffs #ElectricVehicles #Solar #Us #Trade

https://here.news/story/52f5979e?ver=0.68
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