The White House said it was imposing more stringent curbs on Chinese goods worth $18bn, a preventive measure to curb cheap subsidised Chinese goods from flooding the US market and hindering the American green technology sector growth.
Biden's increased levies, such as the 100% tariff on EVs, are seen as a proportionate response to China's overcapacity in the EV sector, despite Chinese car exports being limited by previous tariffs imposed by Trump.
Lobby groups warn that the introduction of Chinese cars to the US market could pose an extinction-level threat to American carmakers, while Biden has been actively promoting measures to boost the US industry, especially in hi-tech sectors.
#us-china-trade-tensions #tariffs-on-chinese-goods #protection-of-us-manufacturers #impact-on-ev-sector #us-industry-boost
[
add
]
[
|
|
...
]