Automakers in the United States and their supporters welcomed President Biden’s tariffs, saying they would protect domestic manufacturing and jobs from cheap Chinese vehicles.
The White House has imposed $18 billion in new duties on Chinese imports, but it’s unclear how much that will help his economic agenda.
The president is set to announce increased taxes on Chinese imports in strategic industries, building on former President Donald J. Trump’s tariffs.
Heavy subsidies for industry, together with weak sales in China, have set the stage for an export boom, raising fears of factory job losses elsewhere.
The president is trying a targeted approach, with allies, to beat Beijing in the race to own the clean energy future. Those weren’t his predecessor’s goals.
The president has proposed new barriers to electric vehicles, steel and other goods.
The administration could raise tariffs on electric vehicles from China to 100 percent in an attempt to protect American auto manufacturers.
The president has proposed new barriers to Chinese electric vehicles, steel and other goods that could undermine his manufacturing agenda.
The United States wants to persuade China to dial back its green energy industrial strategy as the Biden administration subsidizes its own supply chain.
Premier Li Qiang targets economic growth of about 5 percent this year as China signals readiness to borrow more for spending programs.