Biden Set to Impose Tariffs on China EVs, Strategic Sectors

President Joe Biden is set to announce new tariffs targeting China's strategic sectors such as electric vehicles, batteries, and solar cells, maintaining existing levies from the Trump era. This decision, expected next week, aims to address unfair economic practices and does not seek a trade war but fair competition.

China has responded by urging the U.S. to remove these restrictions, warning of measures to defend its interests. This move by Biden, part of broader economic strategies including previous steel and aluminum tariffs, could lead to retaliatory actions from China, similar to past trade conflicts.