Biden Imposes Tariffs on Chinese Chips, Critical Minerals, EVs
President Joe Biden is hiking tariffs on a wide range of Chinese imports — including semiconductors, batteries, solar cells, and critical minerals — in an election-year bid to bolster domestic manufacturing in critical industries
The US will impose a new 50% tariff on Chinese syringes and needles this year, while tariffs on personal protective equipment, such as respirators and face masks, rise to 25% from either 0% or 7.5% now. Tariffs on rubber medical and surgical gloves will jump to 25% from 7.5% in 2026.
The US will impose a new 50% tariff on Chinese syringes and needles this year, while tariffs on personal protective equipment, such as respirators and face masks, rise to 25% from either 0% or 7.5% now. Tariffs on rubber medical and surgical gloves will jump to 25% from 7.5% in 2026.
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This content is for reference only and does not constitute any investment advice, and past performance is not indicative of future performance. Returns will vary, and all investments carry risks, including loss of principal. Please make your own investment decisions.
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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kelvinkew : It has begun again. The rivalry between the US and China is beneficial to semiconductors in the US. Today is a prosperous day