US President Joe Biden unveiled sharp tariff hikes on Chinese products like EVs and semiconductors
WASHINGTON — President Joe Biden unveiled steep tariff hikes on Chinese green tech this week, hitting imports like electric vehicles, chips and solar cells — and adding stress to U.S.-China ties.
But despite targeting $18 billion in imports across new and already targeted sectors, analysts do not expect a major economic impact, assuming Beijing does not retaliate significantly.
So what will be the repercussions of his moves?
Will this hit the U.S. economy?
