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2024

Biden hiking tariffs on Chinese EVs, solar cells, steel, aluminum — adding to tensions with Beijing

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The Chinese foreign ministry is lashing out over the Biden administration's plans to slap new tariffs on Chinese electric vehicles, advanced batteries, solar cells, steel, aluminum and medical equipment. The tariffs are an election year move likely to increase friction between the world’s two largest economies. The tariffs come during a heated campaign between Democratic President Joe Biden and his Republican predecessor, Donald Trump. Biden and Trump are vying to show who’s tougher on China. White House officials say the tariffs will help thwart China’s efforts to dominate the market for emerging technologies in ways that pose risks to U.S. national security and economic stability. China accuses the U.S. of bullying.