Biden Hits Chinese Electric Vehicles, Chips and Other Goods With Higher Tariffs – NY Times

“The president announced increased taxes on Chinese imports in strategic industries, building on former President Donald J. Trump’s tariffs.”

“The National Retail Federation, which represents many companies that source or sell Chinese products, called on Mr. Biden to reverse course and lift tariffs. ‘As consumers continue to battle inflation, the last thing the administration should be doing is placing additional taxes on imported products that will be paid by U.S. importers and eventually U.S. consumers,’ David French, the group’s executive vice president for government relations, said in a news release.

“Only a few politicians, including the Democratic governor of Colorado, Jared Polis, followed suit. ‘This is horrible news for American consumers and a major setback for clean energy,’ Mr. Polis wrote in a social media post. ‘Tariffs are a direct, regressive tax on Americans and this tax increase will hit every family.'”

---