HomePoliticsBiden plans to impose tariffs on strategic sectors in China, source says

Biden plans to impose tariffs on strategic sectors in China, source says

WASHINGTON (Reuters) -U.S. president Joe Biden The country will announce new Chinese tariffs targeting strategic sectors next week, according to a person familiar with the matter.

The full announcement, which could come as early as Tuesday, is expected to largely maintain existing charges, the person said. An announcement could also be delayed, the person said.

Details on the precise value or categories of tariffs that would be imposed were vague, but the government would have focused on areas of interest within strategic competitive areas and national security areas, the person said.

Biden, a Democrat seeking re-election in November, wants to contrast his approach with that of Republican candidate Donald Trump, who has proposed across-the-board tariffs.

Specific sectors would include electric vehicles, batteries and solar equipment, according to Bloomberg News, which first reported the story.

The measures could trigger retaliation from China at a time of heightened tensions between the world’s two largest economies.

See also  The Supreme Court has a lot of work to do and little time to do it, with a significant backlog of cases

In 2022, Biden launched a review of Trump-era policies under Section 301 of the US Trade Code. Last month he called for sharply higher US tariffs on Chinese metal products.

The Biden administration has also put pressure on neighboring Mexico to ban China from selling its metal products indirectly to the United States.

The White House declined to comment, while the U.S. Trade Representative’s office did not immediately respond to a Reuters request for comment.

(Reporting by Trevor Hunnicutt and Kanjyik Ghosh; Editing by Edwina Gibbs and Sonali Paul)

- Advertisement -
RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular

Recent Comments