> Biden announces new tariffs on Chinese electric vehicles, batteries and other goods
Biden announces new tariffs on Chinese electric vehicles, batteries and other goods
Clip ID 2292075
Clearance
Add to
Share
Add to Review Link
By Request
By Request assets are not available for immediate purchase.
This content has not been pre-checked for copyright.
Per clip rates are for 20 seconds of final usage. If you are using more then 20 seconds or need a different file format or have questions about clearances contact us
Description
New tariffs on Chinese electric vehicles and batteries, solar cells, medical equipment and other goods are intended to protect U.S. jobs and manufacturers.
They could raise prices for some items for consumers, but broad inflationary pressures are unlikely in the short term. The tariffs are targeted to specific industries and will be phased in over the next three years, officials said.
Those that take effect in 2024 include EVs and EV batteries, along with solar cells, syringes, needles, steel and aluminum and more.
China’s foreign ministry said the tariffs “will seriously affect the atmosphere of bilateral cooperation.”
Some of the tariffs announced Tuesday wouldn't take effect until 2026.