Biden hits Chinese language exports with tariffs – 2024-05-15 23:27:32

by times news cr

2024-05-15 23:27:32

In the USA, the administration of President Joe Biden has determined to quadruple duties on Chinese language electrical automobiles.

As Day.Az experiences close to Gazeta.ru, the BBC experiences this.

The White Home defined that the measures have been taken in response to “China‘s unfair insurance policies and are aimed toward defending American jobs.” The publication notes that Biden determined to take this step after “months of criticism” from former President Donald Trump, who claims that Chinese language assist for electrical automobiles is destroying the American auto trade. Biden then vowed that he wouldn’t permit China to “unfairly management the market” for electrical automobiles and different key merchandise, together with batteries, pc chips and medical necessities.

White Home officers added that the tariffs introduced Tuesday would have an effect on $18 billion of Chinese language imports.

In response, China’s Ministry of Commerce stated the brand new steps would “critically have an effect on the environment of bilateral cooperation” and criticized the US measures.

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