Biden Imposes Sweeping Tariffs on Chinese Chips, Minerals, EVs - Bloomberg

Biden Imposes Sweeping Tariffs on Chinese Chips, Minerals, EVs - Bloomberg

• President Joe Biden is hiking tariffs on a wide range of Chinese imports such as semiconductors, batteries, solar cells, and critical minerals.
• The US will also raise levies on port cranes and medical products.
• The new laws are projected to affect ~$18B in annual imports.
• None of tariffs imposed by Donald Trump are reduced.

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