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President Biden announced new tariffs on Tuesday that will increase the tariff on Chinese electric vehicles to 100% from the current 25%. Tariffs on solar cells from China will double to 50% and tariffs on certain steel and aluminum products will more than triple to 25%. Tariffs on Chinese semiconductors will increase from 25% to 50%. The new tariffs protect U.S. businesses and workers from cheap Chinese imports that negatively impact American companies. The administration says the tariffs result from a review finding that China continues unfair trade practices. There are also some national security concerns about internet-connected vehicles and devices from China being used for hacking or spying.
President Biden Takes Tough Stance on China with New Tariffs on Electric Vehicles
⏲ 0:45 👁 1.1M
Channels Television
‘Setback For Nigeria’s Economy,’ Atedo Peterside Faults FG’s N90bn Hajj Subsidy | Politics Today
⏲ 36 minutes 35 seconds 👁 811
CNBC Television
Neil Chatterjee reacts to U.S. hiking China EV tariffs
⏲ 3 minutes 32 seconds 👁 2.3K
President Biden spoke about former President Trump on Tuesday after announcing new tariffs on China. <br/><br/>Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:<br/><br/>https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript<br/><br/><br/>Stay Connected<br/>Forbes on Facebook: http://fb.com/forbes<br/>Forbes Video on Twitter: http://www.twitter.com/forbes<br/>Forbes Video on Instagram: http://instagram.com/forbes<br/>More From Forbes:http://forbes.com
'He Failed': Biden Laces Into Trump, Claiming He Failed To Increase American Exports
⏲ 1:50 👁 750K
CNBC Television
Unlikely we will see a meaningful reaction from China, says Leland Miller on EV tariffs
⏲ 6 minutes 22 seconds 👁 3.9K
Bloomberg Television
China Likely to Strike Back at New Tariffs, Ives Says
⏲ 2 minutes 37 seconds 👁 15.3K
Easing the cost of living is Labor's \
Federal budget 2024: who gets what
⏲ 2:11 👁 3.5M
Bloomberg Quicktake
China Slams New US Tariffs on EVs and Other Imports
⏲ 17 seconds 👁 1.1K
NBC News
Biden administration will move on raising tariffs on Chinese electric vehicles
⏲ 5 minutes 23 seconds 👁 3.5K
The Biden Administration has implemented new tariffs on imported goods from China, including electric vehicles, causing concerns for the e-bike industry as most e-bikes in the US come from China. The specifics of the tariffs and their impact on e-bikes are unclear, but the administration's reasoning is to protect American manufacturers from unfair trade practices. The Trump administration's 2018 tariffs initially targeted electric bicycles with a 25% duty, but these were eventually granted multiple exemptions.
Biden Administration's Tariffs on Chinese Goods Raise Concerns for E-Bike Industry
⏲ 0:34 👁 385K
WHAS11
New tariffs announced for Chinese steel, aluminum, solar cells and electric cars
⏲ 1 minute 37 seconds 👁 254
Sky News
Why is US imposing 100% tariff on Chinese electric cars?
⏲ 2 minutes 29 seconds 👁 16.6K
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