China vows to take ‘all necessary actions’ in response to Biden’s tariffs

Taipei/LondonCNN — 

China has vowed to resolutely defend its interests in the face of huge new US tariffs and warned that the trade barriers would affect the wider relationship between the two economic superpowers.

President Joe Biden on Tuesday announced that tariffs on $18 billion worth of imports of Chinese electric vehicles and an array of other products would soar over the next two years.

The White House said the measures were designed to protect American workers and businesses in the face of China’s unfair trade practices, including “flooding global markets with artificially low-priced exports.”

China “firmly opposes” the new tariffs, the country’s Commerce Ministry said in aThe increase in … tariffs by the United States contradicts President Joe Biden’s commitment to ‘not seek to suppress and contain China’s development’ and ‘not to seek to decouple and break links with China,’” it said. “This action will seriously impact the atmosphere of bilateral cooperation.”

EVs imported from China will see their tariffs more than quadrupled from 27.5% to 100% — a policy lever meant to challenge Beijing’s practice of encouraging aggressively low pricing by domestic EV manufacturers while levying a 40% tariff on US car imports.

In addition to EVs, increased tariffs will apply to imports of Chinese steel and aluminum, legacy semiconductors, battery components, critical minerals, solar cells, cranes and medical

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