US President Joe Biden's administration has announced new tariffs on $18 billion worth of Chinese imports. US will quadruple tariffs on imported Chinese electric vehicles, from 25% to 100%. The import tax on Chinese solar cells will double, from 25% to 50%. And tariffs on some Chinese steel and aluminium imports will increase from 7.5% today up to 25%.
short by
Ankush Verma /
05:55 pm on
14 May