President Biden heads to Air Force One after posing for photos with the Highway Patrol on May 10 in Mountain View, California.
Mandel Yan/AFP via Getty Images
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Mandel Yan/AFP via Getty Images
President Biden heads to Air Force One after posing for photos with the Highway Patrol on May 10 in Mountain View, California.
Mandel Yan/AFP via Getty Images
The Biden administration is preparing to announce new tariffs on imports from China – with products such as electric vehicles seen as a policy priority.
The announcement could come as early as next week and was confirmed by a source familiar with the tariff deliberations who requested anonymity ahead of a formal announcement of the decision.
The administration has been reviewing tariffs on Chinese goods since President Joe Biden took office – imposing steep tariffs on about $370 billion of Chinese imports each year as one of former President Trump’s signature policy initiatives.
The Biden administration decided to maintain Trump’s tariffs and, in addition, added a series of strategic items to the list. Bloomberg first reported the decision.
Tariffs part of Biden’s industrial policy
Sources said the new products that will be subject to tariffs are consistent with Biden’s policy priorities on climate, technology and manufacturing. These areas are protected by Biden’s Inflation Reduction Act and Chip and Science Act, which provide hundreds of billions of dollars to boost domestic clean energy and semiconductor industries.
Biden has struggled to secure jobs created by big legislative packages. He insisted the project would use American-made goods and labor.
“When people see shovels in the ground for all these projects, when they see new pipes being laid and people getting to work, I hope they feel the same sense of pride that I feel – proud that their hometown is making a comeback, “He was in Wilmington, North Carolina last week
The message is intended to resonate with swing states that have lost significant jobs as manufacturing moved overseas, such as Wisconsin, Michigan and Pennsylvania.
Last month, Biden announced in a speech to members of the United Steelworkers union in Pittsburgh that he wanted to raise import tariffs on Chinese steel and aluminum, noting that more than 14,000 steelworkers in Pennsylvania and Ohio were employed between 2000 and 2010. Unemployed during the year.
“I promise you, I won’t let this happen again,” he said.
Trump also said he would expand tariffs on imported goods, including targeting Chinese cars.
Biden in Pittsburgh sought to contrast his approach as “strategic and targeted” and said Trump’s broader approach would increase costs for American consumers.
