May 15, 2024 – 2.50amSaveShareGift this article NewListen to this article6 minWashington | The Biden administration will increase tariffs on $US18 billion ($27.2 billion) worth of Chinese products in an election year move that increases friction between the world’s two largest economies.Following a four-year review on trade with China, President Joe Biden will not only keep the tariffs put in place by Donald Trump but ratchet up others, including a quadrupling of electric vehicle duties to over 100 per cent, doubling the duties on semiconductor tariffs to 50 per cent, and more than tripling the tariff on lithium-ion EV batteries and critical minerals. AFR 15/4
May 15, 2024 – 2.50amSaveShareGift this article NewListen to...
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