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Biden To Maintain Trump-Era Policy, Increase Tariffs On Numerous Chinese Imports

Posted on AllSides May 14th, 2024
From The Right
Biden: Celal Gunes/Anadolu via Getty Images – Trump: Michael M. Santiago/Getty Images

President Joe Biden is set to increase tariffs on multiple Chinese imports, including electric vehicles, battery components, semiconductors, microchips, and steel and aluminum.

The tariff rates will hit electric vehicles, solar components, and semiconductors from China the hardest with an increase from 25% to 50%, while tariffs on other sectors will increase to 25%, USA Today reported. The new tariffs on China, which will be announced by Biden at the White House on Tuesday, will be implemented over the next two years and are estimated to affect around $18 billion in...

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