Biden raises tariffs on Chinese goods, including EVs and chips

The New York Times May 14, 2024, 06:00 PM UTC

Summary: President Biden increased tariffs on Chinese imports like electric vehicles and solar cells to protect American industries from unfair competition. He endorsed maintaining tariffs on over $300 billion of Chinese goods set by Trump. Biden's actions continue the trade war with China, focusing on strategic sectors like clean energy and semiconductors. This move aims to appeal to swing voters and build on Trump's trade policies.

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Timeline:

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  3. [3.7]
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  8. [4.5]
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  12. [4.5]
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  13. [4.9]
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