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Biden Hikes Tariffs on Chinese Chips, Minerals and EVs
Posted
May 14, 2024
Views
13,058
Likes
200
Comments
52
Engagement
1.93%
May 14, 2024
13,058
200
52
1.93%
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0:59Now PlayingPresident Joe Biden is hiking tariffs on a wide range of Chinese imports — including semiconductors, batteries, solar cells, and critical minerals — in an election-year bid to bolster domestic manufacturing in critical industries.
The US will also raise levies on port cranes and medical products, in addition to previously reported increases on steel, aluminum, and electric vehicles. The changes are projected to affect around $18 billion in current annual imports, the White House said.
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