TL/DR –
The Biden administration has decided to increase tariffs on a variety of goods from China. The decision will affect about $1.5 billion in Chinese products and is a response to what the U.S. sees as Beijing’s failure to fulfill its purchase commitments under a 2020 trade agreement. The increased tariffs target goods from industries including aviation, semiconductors, and seafood.
Biden Administration Intensifies Tariffs on Chinese Merchandise
The Biden administration is escalating tariffs on Chinese products, as reported by The New York Times. This move signifies a shift in US-China trade relations under the new administration, leaving economic analysts and businesses on both sides of the Pacific to await the potential impact.
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