Biden’s increased tariffs on China: Yahoo Finance recaps

President Biden recently announced expanded tariffs on Chinese imports. These include a 100% tariff on EVs, a 50% tariff on solar products, and a 25% tariff on Chinese steel and aluminum. Yahoo Finance also had an exclusive interview with President Joe Biden to ask further questions. Other segments in the recap include guest Pangea Policy Founder Terry Haines and Yahoo Finance reporters.
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[@ps_pol_xbox9036]

he is doing the exact same thing he criticized trump for doing.

[@SGD515]

These tariffs will help the local to increase prices and therefore detrimental to US consumers, not Chinese. China can divert to other countries.

[@tooltalk]

the average cost of EVs in the US down past 2-3 years without China. China can NOT divert to other countries because there isn't much EV market outside the EU/US.

[@user-hj2zr1pk7v]

Do you mean instead cheap Chinese goods Americans should handle 10 times more expensive American products? so inflation still too low and people can deal more and more inflation? If Americans cannot produce fast just learn from scratch why must cover the truth and attack others? Is this the way to solve problem？

[@tooltalk]

And no worries. No Americans are under delusion that China is pro-consumer.

[@kennySg101]

Americans is going to vote for some guys to increase their taxes. Sound stupid but it is true.

[@blazeorangeandcamo]

I won't vote for either Trump or Biden now

[@SGD515]

Tariffs are definitely inflationary!

[@thebrowndoecorporation5564]

Americans pay the tariff tax, not the Chinese. And they can sneak those products in through the US' other trading partners.

[@jfarm30]

Yes but if we don’t have a choice. China has built the largest electric car production through government subsidies and they plan on dumping those cars in America. They will run American ev makers out of business.

[@mariajiao4855]

@@jfarm30US subsidies too. But still lost.

[@mariajiao4855]

@@jfarm30maybe US evs should be out of biz

[@jfarm30]

@@mariajiao4855 no, the US does not subsidize nearly like China, not even close!! And if American car companies were subsidizing like China EV industry that wouldn’t be out of business. The US is doing the right thing, they have to level the playing field.

[@tooltalk]

@@mariajiao4855 the US does not subsidy export. China gives export credit/rebates when they leave China's ports, so they are now flooding Europe's ports with unsold Chinese EVs.

[@karlwatson45]

Tariffs on Chinese EVs are a sign that the US simply can't compete. The US government know that as soon as the US public become aware of BYD and their range of EVs . It's over for US EV manufacturers.

[@SGD515]

China's cost of production is much lower than US rather than dumping their products to US.

[@user-cg3sl8zu5c]

Wow,what an indirect way to tax😂😂😂.Like if you agree

[@jawadad73]

...or: ' how to make the energy transition as costly as possible...' wtf?!

[@JB-ls4er]

That was pretty unbiased, I’m actually surprised

[@beew9743]

Put 200%tariff on Timu.

[@we7341]

It's about time to put America first.

[@eddylee3826]

Will never happen , its making ameeica robots greater with AI , they will be takng majority of ameeican jobs within 10 years ! You lose again!

[@catinbootsnow4267]

American car makers can set prices of their products at 180% of those Chinese cars to keep the retailing prices 10% lower than the Chinese cars after 102.5% tariffs.

[@willeisinga2089]

Trade has become, Sanctions, Tarifs, Taxes. Real Prices non important.

[@mrcmid9132]

💡 tariffs will definitely slow the economy down.

[@mohsinjawhari5711]

Revux isn't just a project; it's a catalyst for change - the next big thing in crypto that's sparking enthusiasm among investors eager to be part of a transformative journey.

[@x111tian]

i remember the united states used to invade other countries in the past when they do it to them

[@ybandrew5629]

Colonial master looking for country to invaded "the land of the free" 😮😮😮

[@Perfect_Pizza]

Come on man! The thing. You know.

[@pokerpaul1000]

china vs us. well lets says all birthdayparties are different ey hihi

[@ybandrew5629]

US is on a decline faster than before 😮😮😮blame those keep voting the same garages 🎉

[@franciskenyi3139]

The evil man is taking

[@WTW1689]

Tariff and sanction on supply side, inflation always high

[@jamesteh829]

Sell all US Treasury bonds

[@henryneoch7366]

China knows what to do abt the treasury bond - believe u me.

[@object85]

Biden mumbles when he speaks. Hard to understand, while Trump wings what he says. Other presidential candidate RFK sounds like a machine gun when he speaks. Uggggg

[@blazeorangeandcamo]

Hey Joe what do you know you just lost my vote. Id rather see Trump come back and bring the whole crapshow down

[@brm1279]

How many showers did Biden take with his daughter?

[@ChristianBoday]

Quite a few according to her diary

[@YuvrajSingh-bz2ih]

Revux is more than an investment; it's an opportunity to be part of the next big thing in crypto, where success and innovation intertwine to shape the future of digital currency.

[@RamchandTakia]

In the realm of crypto possibilities, Revux stands out as the next big thing, offering a pathway to success that goes beyond the ordinary and embraces the extraordinary.

[@babitakushwah6287]

Investors navigating the crypto landscape are drawn to Revux - the next big thing that's poised to redefine success and create new pathways for those who recognize its transformative potential.

[@user-hj2zr1pk7v]

Do you mean instead cheap Chinese goods Americans should handle 10 times more expensive American products? so inflation still too low and people can deal more and more inflation? If Americans cannot produce fast just learn from scratch why must cover the truth and attack others? Is this the way to solve problem？

[@Gaming_Ayush654]

The future of crypto is unfolding, and Revux is leading the charge as the next big thing - a project that promises to set new standards for success and redefine investment strategies.

[@RamchandTakia]

As the crypto landscape evolves, Revux emerges as the next big thing, offering investors an opportunity to be at the forefront of innovation, success, and transformative growth.

[@zl1628]

The President is totally right!