“President Biden unveils a historic wave of tariffs on ‘strategic’ Chinese imports”
May 17, 2024
“The White House formally unveiled a sweeping array of new tariffs on Chinese goods Tuesday that will raise duties on $18 billion in Chinese imports. The long-awaited announcement will touch an array of sectors, with steel to semiconductors to medical products feeling new duties as soon as this year.
Electric vehicles are a key focus of the announcement, with duties there set to quadruple in 2024 from 25% to 100%…”