US President Joe Biden is ramping up tariffs on Chinese-made electric cars, solar panels, steel and other goods.
The White House said the measures, which include a 100% border tax on electric cars from China, were a response to unfair policies and intended to protect US jobs.
China has already criticised the plans, which were signalled in advance.
Analysts said the tariffs were largely symbolic and intended to shore up votes in a tough election year.
They follow months of criticism by former President Donald Trump, who is running for the White House against Mr Biden and has argued his rival’s support for electric cars would “kill” the US car industry.
Continue reading HERE
Source: https://www.bbc.com/news/business-69004520
[Disclaimer]
