US PLAN TO INCREASE 301 TAXES AGAINST CHINA IS DRAWING HUGE REACTION‼️
On September 13, the US announced a tariff increase of up to 100% on many products imported from China. These tariffs cover strategic products such as electric vehicles, solar panels and important metals. However, economists and trade groups stated that these measures will negatively affect US consumers. The relevant groups argue that trade tensions with China cannot be resolved this way. The Biden administration, on the other hand, is determined to protect domestic industry.
🔥🔥🔥 These tariffs are likely to further complicate trade relations between the US and China‼️
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Sources:
1. Forex. “US to Increase Tariffs on Many Chinese Imports on September 27.” Investing.com, September 13, 2024. Accessed: tr.investing.com .
2. News. “US Announces Plan to Increase Tariffs on Chinese Imports.” Haberler.com, September 13, 2024. Accessed: News .
3. VOA. “US Finalizes Tariff Plan on Chinese Goods.” VOA Turkish, September 13, 2024. Access: VOA Turkish .
