5 months ago
10
The White House said on Tuesday that it was increasing tariffs for goods from China worth some $18 billion, calling it a response to Beijing's "unfair" trade practices.
"China's unfair trade practices concerning technology transfer, intellectual property, and innovation are threatening American businesses and workers," the White House said. "China is also flooding global markets with artificially low-priced exports."
What's being subjected to more tariffs?
Perhaps the most notable and sharpest increase was for Chinese-built electric vehicles.
The tariff will increase from 25% to 100% for these, plus some other extra costs, with the White House citing "extensive subsidies and non-market practices leading to substantial risks of overcapacity" as its rationale.
Semiconductors, batteries and battery packs, some steel and aluminium products, various minerals and ores from manganese to cobalt, and radioactive substances were among the other items set to face increased import costs.
This is a developing story, more to follow...
msh/rm (AFP, AP, Reuters)
