CX Daily: How Will the U.S. Import Tariff Hikes Impact Chinese Industries?

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Tariffs /

Caixin Explains: How will the U.S. import tariff hikes impact Chinese industries?

The Biden Administration on Tuesday announced a decision to increase tariffs on $18 billion worth of Chinese imports across strategic sectors including electric vehicles (EVs), semiconductors, lithium-ion batteries and steel.

The move is part of a broader strategy said to prevent Chinese manufacturers from undercutting their U.S. counterparts and threatening American jobs.

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