Close Menu
Nabka News
  • Home
  • News
  • Business
  • China
  • India
  • Pakistan
  • Political
  • Tech
  • Trend
  • USA
  • Sports

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

What's Hot

World leaders react after Trump says U.S. has bombed 3 nuclear sites in Iran, including Fordo

June 22, 2025

Power fully restored in flood-ravaged south China county after massive emergency response-Xinhua

June 22, 2025

US launches bombing of Iran’s key nuclear facilities

June 22, 2025
Facebook X (Twitter) Instagram
  • Home
  • About NabkaNews
  • Advertise with NabkaNews
  • DMCA Policy
  • Privacy Policy
  • Terms of Use
  • Contact us
Facebook X (Twitter) Instagram Pinterest Vimeo
Nabka News
  • Home
  • News
  • Business
  • China
  • India
  • Pakistan
  • Political
  • Tech
  • Trend
  • USA
  • Sports
Nabka News
Home » Mr. Biden has previously harshly criticized President Trump’s tariffs on China.Now he’s building on them: Analysis
China

Mr. Biden has previously harshly criticized President Trump’s tariffs on China.Now he’s building on them: Analysis

i2wtcBy i2wtcMay 15, 2024No Comments3 Mins Read
Share Facebook Twitter Pinterest LinkedIn Tumblr Email WhatsApp Copy Link
Follow Us
Google News Flipboard Threads
Share
Facebook Twitter LinkedIn Pinterest Email Copy Link


Biden’s tariffs on $18 billion worth of Chinese goods focus on strategic industries.

May 14, 2024, 5:31 PM ET

• 5 minute read

Although the Biden administration won’t admit it, new tariffs on China announced on Tuesday represent a big change for President Joe Biden.

Back in 2019, Biden criticized then-President Donald Trump’s move to impose tariffs on $300 billion worth of Chinese imports.

“Trump doesn’t understand the basics. He thinks China is paying for his tariffs,” Biden said at the time. “Any freshman economics student can tell you that Americans pay the tariffs.”

And in 2020, during his campaign for the White House, Biden vowed to eliminate President Trump’s tariffs if elected.

Research shows that U.S. consumers primarily bear the burden of these taxes.

May 14, 2024, in the Rose Garden of the White House in Washington, D.C., sit down to sign a document imposing massive new tariffs on electric vehicles, semiconductors, solar equipment and medical supplies imported from China. President Joe Biden.Susan Walsh/Associated Press

But now Biden is not only keeping Trump-era tariffs in place, he’s actually making them even stronger.

It’s true that Biden’s new tariffs on $18 billion worth of Chinese imports are focused on a few strategic industries. At a Rose Garden event announcing the new measures, Biden touted it as a “sensible approach” targeting goods such as electric vehicles, solar cells, steel, aluminum and certain medical devices.

But he has maintained many of the sweeping Trump-era tariffs he was once so critical of.

U.S. Trade Representative Katherine Tai was repeatedly grilled about the apparent reversal during daily White House press briefings.

“In terms of the price that Americans paid in the previous era, some of it, probably a lot of it, was about the chaos and unpredictability that it created and the escalation that resulted.” Mr. Tai said.

Tai added that in addition to looking at prices, the long-standing review of Trump-era tariffs also looked at whether China had changed its behavior.

“We have seen problematic practices of subsidies in some sectors not only not being seen, but getting worse. “I see no reason or justification for mitigation,” she said. she said.

U.S. Trade Representative Katherine Tai speaks during a press conference at the White House on May 14, 2024 in Washington.Elizabeth Franz/Reuters

Still, the National Retail Federation is calling on Biden to eliminate these tariffs, saying, “As consumers continue to fight inflation, the last thing the administration should do is hurt U.S. importers and, by extension, U.S. “Imposing additional taxes on imported products that would have to be paid by the government.” consumer. ”

Biden’s change in policy partly reflects the political environment in which Biden and Trump are fighting to appear tougher on China in preparation for a rematch in 2024, but China’s trade practices It also reflects a growing recognition that the economy is putting pressure on American manufacturers and workers.

The Thai ambassador argues that China’s economic model is built on “a state-sponsored system built to control and take over entire industries.” Tai added that the Chinese government’s subsidies are aimed at “cornering” the global market and achieving “dominance” and “dependence.”

Greta Peisch, former general counsel for the U.S. Trade Representative, told ABC News: “Things are changing and evolving. There was an expectation that China would become more of a free market over time, but we’re seeing the opposite. I’ve seen it firsthand,” he said. In recent years, trade has been distorted by Chinese practices. ”



Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email WhatsApp Copy Link
i2wtc
  • Website

Related Posts

China

Power fully restored in flood-ravaged south China county after massive emergency response-Xinhua

June 22, 2025
China

Expo showcases South Asian cultural delight in Kunming-Xinhua

June 22, 2025
China

Chinese nationals evacuated from Iran arrive in Beijing-Xinhua

June 22, 2025
China

American youngsters explore Sino-U.S. historic friendship in Stilwell Museum-Xinhua

June 21, 2025
China

How upgrading China-South Asia economic and trade cooperation bolsters regional development-Xinhua

June 21, 2025
China

Instant retail reshapes consumption habits in China, driving new growth-Xinhua

June 21, 2025
Add A Comment
Leave A Reply Cancel Reply

Top Posts

World leaders react after Trump says U.S. has bombed 3 nuclear sites in Iran, including Fordo

June 22, 2025

House Republicans unveil aid bill for Israel, Ukraine ahead of weekend House vote

April 17, 2024

Prime Minister Johnson presses forward with Ukraine aid bill despite pressure from hardliners

April 17, 2024

Justin Verlander makes season debut against Nationals

April 17, 2024
Don't Miss

Trump says China’s Xi ‘hard to make a deal with’ amid trade dispute | Donald Trump News

By i2wtcJune 4, 20250

Growing strains in US-China relations over implementation of agreement to roll back tariffs and trade…

Donald Trump’s 50% steel and aluminium tariffs take effect | Business and Economy News

June 4, 2025

The Take: Why is Trump cracking down on Chinese students? | Education News

June 4, 2025

Chinese couple charged with smuggling toxic fungus into US | Science and Technology News

June 4, 2025

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

About Us
About Us

Welcome to NabkaNews, your go-to source for the latest updates and insights on technology, business, and news from around the world, with a focus on the USA, Pakistan, and India.

At NabkaNews, we understand the importance of staying informed in today’s fast-paced world. Our mission is to provide you with accurate, relevant, and engaging content that keeps you up-to-date with the latest developments in technology, business trends, and news events.

Facebook X (Twitter) Pinterest YouTube WhatsApp
Our Picks

World leaders react after Trump says U.S. has bombed 3 nuclear sites in Iran, including Fordo

June 22, 2025

Power fully restored in flood-ravaged south China county after massive emergency response-Xinhua

June 22, 2025

US launches bombing of Iran’s key nuclear facilities

June 22, 2025
Most Popular

AI exhibition area debuts at China International Cultural Industries Fair-Xinhua

May 23, 2025

China launches Tianwen-2 to retrieve asteroid samples-Xinhua

May 28, 2025

Renewal projects breathe new life into urban areas in N China’s Tianjin -Xinhua

June 3, 2025
© 2025 nabkanews. Designed by nabkanews.
  • Home
  • About NabkaNews
  • Advertise with NabkaNews
  • DMCA Policy
  • Privacy Policy
  • Terms of Use
  • Contact us

Type above and press Enter to search. Press Esc to cancel.