What will be the repercussions of Biden's new China tariffs?
Washington (AFP) May 16, 2024
US 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 US-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