The 301 tariffs, China's commerce ministry said, are "not in line with the spirit of the consensus reached by the two heads of state", referring to a meeting between Presidents Xi Jinping and Joe Biden last year. / Photo: Reuters Archive
Beijing called on the US to"immediately rectify its mistaken actions and cancel the additional tariff measures against China". The tariff rate on EVs is set to quadruple to 100 percent this year while the one for semiconductors will surge from 25 percent to 50 percent by next year, said the White House.
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