President Biden Announces New Tariffs on Chinese Goods

President Biden announces new tariffs on imports of Chinese goods, including electric vehicles, to protect U.S. workers and companies and punish China for unfair trade practices. The move is part of Biden's efforts to boost domestic manufacturing and clean energy sectors.

U.S.-China Trade Relations and Tariffs

President Joe Biden is raising tariffs on $18 billion of Chinese exports, including electric vehicles, in an effort to combat what the White House deems as unfair trade practices by China.

Treasury Secretary Janet Yellen's Meetings in China

Treasury Secretary Janet Yellen is visiting China for four days of meetings with Chinese officials to increase high-level communication and deepen dialogue. She will discuss unfair trade practices, global economic consequences of Chinese industrial overcapacity, countering illicit finance, financial stability, climate change, and resolving debt distress in developing nations.

China's Threat to American Auto Manufacturing

Former President Donald Trump and industry insiders warn that China is aiming to dominate the American auto manufacturing market by exporting cheap Electric Vehicles (EVs) to the United States, potentially causing a 'bloodbath' for American auto workers. Recommendations include imposing tariffs on Chinese automobile imports to protect the American auto industry.