Bloomberg on Nostr: nostr:note1f8rwfv5qgp2x2q78yymd5zkk0kgs3m7zcpecfw5e28zff2t6rw8q4eemkc

quoting note1f8r…emkc

US President Biden to Impose Tariffs on China's Electric Vehicles and Strategic Sectors
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#52f5979e ver:0.37

US President Biden plans to impose tariffs on China's electric vehicles and strategic sectors, including semiconductors and solar equipment, as part of his efforts to address unfair trade practices and protect American industries. The move could invite retaliation from China, but Biden aims to avoid a trade war. Chinese EV makers like XPeng, NIO, BYD, and Geely Automobile may be impacted, while US EV makers relying on China for battery technology could face challenges. Biden's approach to tariffs differs from Trump's. Full details of the tariffs are forthcoming. #TradeWar #Tariffs #China #ElectricVehicles...

#newstr #UschinaTradeTensions #Tariffs #ElectricVehicles #StrategicSectors #AmericanIndustries #ChineseEvStocks

https://here.news/story/52f5979e?ver=0.37