Biden rolls out new China tariffs, vows US will ‘never allow’ Beijing to ‘unfairly control’ EV market
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What will be the repercussions of Biden's new China tariffs?
WASHINGTON — President Joe Biden unveiled steep tariff hikes on Chinese green tech this week, hitting imports like electric vehicles, chips and solar cells — and adding stress to U.S.-China ties. But despite targeting $18 billion in imports across new and already targeted sectors, analysts do not expect a major economic impact, assuming Beijing does not retaliate significantly. So what will be the repercussions of his moves? Will this hit the U.S. economy?