President Biden announced Tuesday that his administration is hiking tariffs on $18 billion worth of Chinese imports while vowing that the U.S. will 'never allow' Beijing to 'unfairly control the market' for electric vehicles. The new measures include an increase in the tariff rate on electric vehicles from 25% to 100% this year along with hikes on tariffs in 'strategic sectors' including steel, aluminum, semiconductors, batteries and solar cells, the White House says.
intellectual property laws and coercing American companies into transferring sensitive technology to Chinese firms as a condition of gaining access to China's market. PUTIN TO VISIT CHINA THIS WEEK TO MEET WITH XI, CHINESE FOREIGN MINISTRY SAYS In July 2019, then-presidential candidate Biden spoke out against Trump’s tariffs, saying at the time that 'All that he’s delivered as a consequence of that is American farmers, manufacturers and consumers losing and paying more.
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