Biden hiking tariffs on Chinese EVs, solar cells, steel, aluminum — adding to tensions with Beijing
The Biden administration is announcing plans to slap new tariffs on Chinese electric vehicles, advanced batteries, solar cells, steel, aluminum and medical equipment. It's an election-year move that’s likely to increase friction between the world’s two largest economies. The tariffs come in the middle of a heated campaign between President Joe Biden and his Republican predecessor, Donald Trump. Both candidates are vying to show who’s tougher on China. White House officials say the tariffs will help thwart Beijing’s efforts to dominate the market for emerging technologies in ways that pose risks to U.S. national security and economic stability.