US President Joe Biden has implemented heavy tariffs on various Chinese imports

WORLD  NEWS - US President Joe Biden has implemented heavy tariffs on various Chinese imports, including electric vehicles, batteries, steel, solar cells, and aluminium. The move aims to safeguard American workers from unfair trade practices and ensure they are not hindered in the market. These tariffs comprise a 100 per cent tariff on electric vehicles, a 50 per cent tariff on semiconductors, and a 25 per cent tariff each on electric vehicle batteries originating from China.
During his speech from the Rose Garden of the White House, Biden emphasised that Americans are free to purchase any vehicle they prefer. However, he stressed that China will not be permitted to dominate the car market unfairly. “But we’re never going to allow China to unfairly control the market for these cars. Period,” he said.He asserted, “I want fair competition with China, not conflict. We are in a stronger position to win that economic competition of the 21st century against China than anyone else because we’re investing in America again.”
Biden accused the Chinese government of consistently funnelling state funds into various industries, including steel, aluminium, semiconductors, electric vehicles, solar panels, and essential health equipment like gloves and masks. He asserted that China heavily subsidised these products, leading Chinese companies to overproduce beyond global demand. Subsequently, he claimed that China flooded the market with surplus products at unfairly low prices, forcing manufacturers worldwide out of business.