2024-05-15 00:02:47
Biden's Tariffs on Chinese Products: A Trade War with Results?
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New York Times - Business
Politics
Technology
Economy
Finance
President Biden announced an increase in tariffs on Chinese imports, including electric vehicles, solar cells, semiconductors, and advanced batteries, to protect American industries from unfair competition. He also endorsed maintaining tariffs on over $300 billion worth of Chinese goods implemented by the previous administration. The move reflects Biden's tough-on-China stance and aims to focus on strategic sectors like clean energy and semiconductors.
New York Times - Business
How China Rose to Lead the World in Cars and Solar Panels
Politics
Economy
China has become a dominant player in various industries, producing a third of the world's manufactured goods and maintaining a significant trade surplus. President Biden is expected to increase tariffs on Chinese imports of electric cars and solar panels. China's economic strategy involves heavy lending to key manufacturing sectors to boost the economy.
New York Times - Business
How Biden’s Trade War With China Differs From Trump’s
Politics
Economy
Technology
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.
Tagesschau - Wirtschaft und Börsen-Nachrichten
Foreign Trade USA increases tariffs on Chinese electric cars significantly
Economy
Politics
Finance
The USA is massively increasing import duties for Chinese electric cars, semiconductors, and solar cells, as they accuse China of flooding the markets with artificially cheapened products. According to US President Joe Biden, the increased Chinese electric car exports threaten investments in other countries. China responds with criticism to the tariff increase, mainly seeing it as a campaign maneuver by Biden.
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