The subject is eminently political, less than two months before a very close presidential election.
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Barriers are falling for Chinese products. Washington detailed on Friday, September 13, the customs duty increases announced in May by Joe Biden and targeting Chinese products. “strategic”. Electric cars imported from China to the United States will be taxed at 100% from September 27, electric vehicle batteries at 25%, and solar panel cells at 50%. For semiconductors, it will be 50%, from January 1, 2025.
These taxes “will target China’s harmful policies and practices that continue to hurt American workers and businesses”Trade Representative Katherine Tai said in a statement. The additional tariffs will be applied to the equivalent of $18 billion worth of Chinese products in sectors considered “strategic”.
The subject is eminently political, less than two months before a very close presidential election. Especially since this new series of customs duties is in line with those that had been put in place by Donald Trump when he was president, and have been largely maintained by the Joe Biden administration.