Biden unveils tariff hikes on Chinese EVs, solar cells, semiconductors, other imports
World BusinessMay 15, 2024
US President Joe Biden plans to quadruple tariffs on Chinese electric vehicles and hike duties for solar cells, semiconductors and other "strategic" sectors, the White House said Tuesday, as he is revving up his reelection campaign. The Biden administration announced a new package of tariff increases, casting it as an endeavor to protect American workers and businesses from what it calls China's unfair trade practices, and accusing China of flooding global markets with "artif