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International Business Times
International Business Times
Business
Beiyi SEOW

US To Raise Tariffs On $18 Bn Of China Imports Including Chips

United States China Donald Trump Joe Biden White House Lael Brainard Beijing Paul Triolo Washington D.C.
The US is raising tariffs on $18 billion worth of Chinese imports, including electric vehicles (Credit: AFP)

The United States is hiking tariffs on $18 billion worth of Chinese imports, targeting strategic sectors like electric vehicles, batteries, steel and critical minerals, the White House said Tuesday.

The decision -- which drew a fiery response from Beijing -- comes as President Joe Biden gears up for a re-run of his 2020 contest with Republican rival Donald Trump in November's election, with officials criticizing Trump's record on trade as they made the announcement.

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