The Biden administration has announced plans to implement new tariffs on imports of goods from China, with a specific focus on products like electric vehicles. This decision aligns with President Biden’s priorities on climate, technology, and manufacturing, as the administration aims to support domestic clean energy and semiconductor sectors.
The new tariffs will be in addition to the existing ones put in place by former President Trump, as part of Biden’s industrial policy to promote American-made goods and create jobs. The announcement of the new tariffs comes as Biden seeks to appeal to swing states that have been hit hard by the loss of manufacturing jobs.
Unlike former President Trump’s broad tariffs on imported goods, Biden’s approach is described as “strategic and targeted.” In addition to the tariffs on electric vehicles, Biden also plans to hike tariffs on imports of Chinese steel and aluminum to protect American steelworkers.
Overall, the Biden administration’s decision to impose new tariffs on Chinese imports reflects its commitment to revitalizing the American manufacturing sector and supporting domestic industries. This move is likely to have significant implications for the ongoing trade relationship between the United States and China, as Biden ramps up efforts to prioritize American-made goods and labor in infrastructure projects.
“Travel aficionado. Incurable bacon specialist. Tv evangelist. Wannabe internet enthusiast. Typical creator.”