17.9 C
New York
June 28, 2025
Asia Pacific Biden administration Business China Chinese economy Economics Electric, hybrid and low-emission cars Global economy International trade Joe Biden Motoring news US news World news

Biden White House to expand tariffs on Chinese trade

Biden White House to expand tariffs on Chinese trade

President likely to add sectors such as electric vehicles, batteries and solar cells to range of levies set up under Donald Trump

Joe Biden is expected as early as next week to announce fresh tariffs on Chinese trade, with levies focused on strategic sectors including electric vehicles, in a review of measures first put into place under Donald Trump.

An announcement planned for Tuesday will keep the blanket tax rises introduced by the president’s predecessor but supplement them with targeted levies on industries connected to EVs, including batteries and solar cells, according to reports.

Continue reading…

Related posts

China has used Cuba as spy base for years, US official says

TheWorldsNews

Rare white grizzly bear and two cubs killed in Canada in separate car strikes

TheWorldsNews

Bulgarian police ‘blocked rescue’ of teenage migrants who froze to death

TheWorldsNews

Pin It on Pinterest

Share This