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Biden hikes tariffs on Chinese exports

U.S. President Joe Biden makes a speech during a White House event in Washington on May 14, 2024, to highlight new U.S. tariffs targeting various Chinese exports like electric vehicles and solar equipment.

U.S.-WASHINGTON, D.C.-JOE BIDEN-CHINA-CLEAN-ENERGY PRODUCTS-NEW TARIFFS

(240515) -- WASHINGTON, D.C., May 15, 2024 (Xinhua) -- U.S. President Joe Biden is pictured during an event in Washington, D.C., the United States, on May 14, 2024. The White House unveiled on Tuesday new tariffs on imports of electric vehicles, solar cells and other clean-energy products from China, in a protectionist move widely believed to imperil the American ambition to enhance competitiveness and slash carbon emissions. According to the plan, the tariffs on Chinese EV imports will jump from some 25 percent to 100 percent. And with an additional 2.5-percent tariff on all vehicles imported into the U.S. market, the total levies on Chinese EVs will be an astounding 102.5 percent. (Photo by Aaron Schwartz/Xinhua)

XINHUA PHOTOS OF THE DAY

(240515) -- BEIJING, May 15, 2024 (Xinhua) -- U.S. President Joe Biden is pictured at the White House in Washington, D.C., the United States, on May 13, 2024. U.S. President Joe Biden signed into law Monday a bill that will prohibit U.S. imports of unirradiated low-enriched uranium from Russia. (Photo by Aaron Schwartz/Xinhua)

Biden hikes tariffs on Chinese exports

U.S. President Joe Biden makes a speech during a White House event in Washington on May 14, 2024, to highlight new U.S. tariffs targeting various Chinese exports like electric vehicles and solar equipment.