Biden hikes US tariffs on Chinese imports

- U.S. President Joe Biden on Tuesday unveiled steep tariff increases on an array of Chinese imports, including electric vehicle batteries, computer chips and medical products."Despite the modest volume of imports directly affected, these tariffs clearly draw the battle lines for trade in products that the two countries are pinning their manufacturing sectors’ futures on.

"It is almost certain that Beijing will hit back against these tariffs with its own measures, although the question is whether these will be calibrated to seem proportional rather than setting off an escalating trade war. Given the high stakes involved, this round of tariffs could ratchet up the trade tensions between the two countries in a way that is difficult to pull back from.

"Some U.S. industries and manufacturers will experience cost increases and supply-chain disruptions as a result of these tariffs but the Biden administration is clearly taking the view that these will be modest and can be managed."“The UAW applauds today’s decisive action from the White House on ensuring that the transition to electric vehicles is a just transition.

BRIAN BRYANT, INTERNATIONAL PRESIDENT OF THE 600,000-MEMBER INTERNATIONAL ASSOCIATION OF MACHINISTS AND AEROSPACE WORKERS "As International President of one of the largest manufacturing unions in North America, I’ve seen first-hand the negative impacts of the Chinese government's anti-competitive trade practices, such as dumping heavily subsidized imports ... The IAM has been a leader over the years in sounding the alarm on unfair trade practices that cost North American jobs.

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