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Michael Cohen Testifying Today: How He Went From Lawyer Who’d ‘Take A Bullet’ For Trump To Prosecutors’ Key WitnessPresident Joe Biden on Tuesday announced hefty tariff hikes on a range of Chinese imports, including on electric vehicles, semiconductors, batteries and steel, part of an election-year effort to protect American industry amid growing fears Beijing is dumping a glut of cheap exports to shore up its own economy.
The White House also announced new tariffs on medical products like respirators and face masks, as well as steel and aluminium products, which will jump from a range of zero to 7.5% to 25% in 2024, as well as a new tariff of 25% for critical minerals, up from zero, and a 50% levy on semiconductors in 2025, double the current rate.