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Biden's China Tariffs Part of 'Incoherent' Economic Policy: Griffin
· 14.05.2024 · 22:00:15 ··· Dienstag ⭐ 0 🎬 0
📺 Bloomberg Quicktake
China blasted the Biden administration’s move to increase US tariffs on a wide range of Chinese imports, vowing to take its own action, without giving specifics.
“China will take resolute measures to safeguard its own rights and interests,” the Ministry of Commerce said in a statement Tuesday. “The US should immediately correct its wrong actions and cancel the additional tariff measures against China.”
President Joe Biden is hiking tariffs on imports from China including semiconductors, solar cells, and critical minerals, with rates ranging from 25% for batteries to 100% for electric vehicles. The announcement was the culmination of a review of predecessor Donald Trump’s tariff increases — none of which were rolled back.
Read more: https://www.bloomberg.com/news/articles/2024-05-14/china-vows-to-take-measure-to-defend-rights-as-us-adds-tariffs?sref=omvmmwIg
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· 14.05.2024 · 22:00:15 ··· Dienstag
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