President Joe Biden sits down to sign a document imposing major new tariffs on electric vehicles, semiconductors, solar equipment and medical supplies imported from China in the Rose Garden of the White House in Washington, DC, May 14, 2024.President Joe Biden sits down to sign a document imposing major new tariffs on electric vehicles, semiconductors, solar equipment and medical supplies imported from China in the Rose Garden of the White House in Washington, DC, May 14, 2024.
Tai added that in addition to looking at prices, the yearslong review of the Trump-era tariffs also investigated whether they had changed China's behavior. Biden's shift partly reflects the political environment -- with both Biden and Trump fighting to appear tougher on China in what's shaping up to be a 2024 rematch -- but it also reflects growing recognition that China's trade practices are undercutting American manufacturers and workers.
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