Joe Biden slaps Chinese electric cars, computer chips with higher US tariffs; Beijing vows retaliation
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China immediately vowed retaliation. Its commerce ministry said Beijing was opposed to the U.S. tariff hikes and would take measures to defend its interests.
Biden will keep tariffs put in place by his Republican predecessor Donald Trump while ratcheting up others, including a quadrupling of EV duties to over 100% and doubling the duties on semiconductor tariffs to 50%, the White House said in a statement.
The new measures affect $18 billion in imported Chinese goods including steel and aluminum, semiconductors, electric vehicles, critical minerals, solar cells and cranes, the White House said.
“ We’re not going to let China flood our market, making it impossible for American auto manufacturers to compete fairly,
Joe Biden,
‘Cheating Instead Of Competing’: Biden Unveils Steep Tariffs On…
“ China is eating our lunch right now,
Donald Trump,
‘Cheating Instead Of Competing’: Biden Unveils Steep Tariffs On…
“ will take all necessary measures to safeguard its legitimate rights and interests,
Wang Wenbin,
‘Cheating Instead Of Competing’: Biden Unveils Steep Tariffs On…