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| Biden &XI Photo credit: BBC |
The President of United States Joe Biden has imposed a series of tariffs on goods made in China following a revelationd that the Chinese are more than determined to dominate the world in such aspects.
According to President Biden, China is determined to dominate industries which includes : Steel and aluminum, Semiconductors, EVs and solar panels.
Consequently Biden has imposed heavy tariffs on them:
25% on steel and aluminum,
50% on semiconductors,
100% on EVs,
And 50% on solar panels.
I just imposed a series of tariffs on goods made in China:
— President Biden (@POTUS) May 14, 2024
25% on steel and aluminum,
50% on semiconductors,
100% on EVs,
And 50% on solar panels.
China is determined to dominate these industries.
I'm determined to ensure America leads the world in them.
Biden criticized Donald Trump's measure against China but obviously taken Trump's options .
The bottom line is that I want fair competition with China, not conflict.
— President Biden (@POTUS) May 14, 2024
And we’re in a stronger position to win the economic competition of the 21st century against China or anyone else because we’re investing in America again. pic.twitter.com/KpoSzoahzS
For years, the Chinese government has cheated by pouring money into Chinese companies which then dump cheap products onto the market, hurting competitors who play by the rules.
— President Biden (@POTUS) May 14, 2024
I’m announcing tariffs that will ensure American workers are not held back by unfair trade practices. pic.twitter.com/JHdJ6EcXWr
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