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2024-05-15 00:02:47
Artificial Intelligence
China
USA

Biden's Tariffs on Chinese Products: A Trade War with Results?

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President Biden has announced new tariffs on Chinese products, including electric vehicles, semiconductors, and solar cells, in an effort to boost American industries and counter China's dominance. The effectiveness of these tariffs in rebuilding America's industrial base remains uncertain.

Unlike Trump, Biden's strategy involves collaborating with international allies to counter China. While the immediate impact on consumers may be limited, the tariffs could restrict access to cheaper Chinese-made goods in the future.

The move reflects Biden's tough-on-China stance and aims to focus on strategic sectors like clean energy and semiconductors. However, there are concerns in Europe about the possible impacts on European supply chains due to the US tariffs on Chinese products.

Overall, Biden's trade war with China is a distinctive approach that seeks to address unfair trade practices and promote industry growth in the US.

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New York Times - Business
14. Mai 2024 um 12:02

Will Biden’s Trade War With China Get Results?

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President Biden announced new tariffs on Chinese products to boost industries like electric cars and solar energy. The move is seen as part of Biden's economic agenda and an attempt to counter China's dominance in high-tech sectors. The effectiveness of these tariffs in rebuilding America's industrial base remains uncertain.
China - South China Morning Post
14. Mai 2024 um 17:55

Biden says new China tariffs are needed to protect US industries from companies subsidised by Beijing

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US President Joe Biden announced new tariffs on Chinese electric vehicles, semiconductors, aluminium, steel, and other imported products, accusing Beijing of unfair trade practices. Biden criticized his predecessor, Donald Trump, for failing to follow through on promises to address the trade imbalance with China. The tariffs would increase on Chinese EVs, semiconductors, and solar cells, and Biden emphasized the importance of domestic manufacturing and union workers in the production of electric vehicles.
Yahoo News
14. Mai 2024 um 15:59

How Biden's new tariffs on Chinese imports may hit your wallet

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President Biden plans to increase tariffs on $18 billion worth of annual Chinese imports, including electric vehicles, semiconductors, and solar cells. The aim is to address unfair trade practices and promote industry growth in the US. While the immediate impact on consumers may be limited, it could restrict access to cheaper Chinese-made goods in the future.
New York Times - Business
14. Mai 2024 um 14:38

How Biden’s Trade War With China Differs From Trump’s

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President Biden has escalated the trade war with China initiated by President Trump, but with a different focus on emerging high-tech industries and clean energy sectors. Biden has increased tariffs on electric vehicles, steel, aluminum, and semiconductors, while also imposing restrictions on technology sales to China and providing subsidies to American manufacturers. Unlike Trump, Biden's strategy involves collaborating with international allies to counter China.
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