The U.S. has a long history of taxing imports, but mostly moved away from that approach starting in the 1930s with a shift towards free trade. However, tariffs saw a resurgence under President Donald Trump, who aimed to boost American manufacturing and address what he called China's unfair trade practices. President Joe Biden has continued this trend, maintaining higher tariffs.
 "Trump vows to penalize nations abandoning the dollar with steep tariffs, intensifying the economic battle in his campaign against Harris.")
Donald Trump, during a rally in Wisconsin, emphasized his commitment to protecting the US dollar, proposing hefty tariffs on countries that move away from using it. He stated that any nation that stops using the dollar for trade would face a 100% tariff on their goods. This move comes after months of discussions among his ...
The ongoing trade tariffs imposed on China may not be the most effective way to secure victory in the electric vehicle (EV) arms race. Instead, focusing on developing and investing in EV technology is crucial for staying ahead in the Market. Efforts to prioritize EV innovation and production will ultimately determine success in the competitive ...
President Biden’s decision to impose new tariffs on China shows that he has learned from past mistakes. This move reflects a strategic approach to trade relations, aiming to protect American businesses and workers. Biden’s focus on fair and equitable trade practices signifies a shift in US-China policy. Stay tuned for updates on the impact of ...
President Biden has announced his plans to maintain the existing tariffs on Chinese imports put in place by the Trump administration. Additionally, he will be adding tariffs on electric vehicles as part of his strategy to address trade imbalances with China. This decision by the Biden administration aims to promote domestic manufacturing and innovation in ...
President Biden is said to be considering a major increase in tariffs on Chinese electric vehicles, potentially raising them to as high as 100%. This move could have significant implications for the EV Market and US-China relations. Click to Claim Latest Airdrop for FREE Claim in 15 seconds Scroll Down to End of This Post ...
