President Biden departs for Air Force One after posing for photos with highway patrolmen in Mountain View, California on May 10.
Mandel Ngan/AFP via Getty Images
hide caption
caption conversion
Mandel Ngan/AFP via Getty Images
President Biden departs for Air Force One after posing for photos with highway patrolmen in Mountain View, California on May 10.
Mandel Ngan/AFP via Getty Images
The Biden administration is preparing to announce new tariffs on imports from China – products such as electric vehicles considered a policy priority.
The announcement, which could come as early as next week, was confirmed by a source familiar with the tariff discussions, who spoke on condition of anonymity ahead of the decision. official.
The administration has been considering tariffs on Chinese goods since President Biden took office — steep tariffs on about $370 billion of imports from China each year, imposed by former President Donald Trump as a in his signature policy moves.
The Biden administration has decided to keep Trump’s tariffs in place – and in addition, add a series of strategic items to the list. This decision was first reported by Bloomberg.
Tariffs are part of Biden’s industrial policy
The new items will be subject to tariffs consistent with Biden’s policy priorities on climate, technology and manufacturing, the source said. These sectors are covered by the Biden Disinflation Act and the Science and CHIPS Act, which have provided hundreds of billions of dollars to boost the domestic semiconductor and clean energy sectors.
Biden has campaigned hard on the jobs created by the massive legislative packages. He emphasized that the projects will use American-made goods and labor.
“When people see the shovels in the ground on all these projects, when they see the new pipes being laid and people going to work, I hope they feel the pride that I feel – pride in the fact that their homeland is returning,” he said last week in the New York Times. Wilmington, NC
It’s a message meant to resonate in swing states that have lost large numbers of jobs as manufacturing moved overseas — states like Wisconsin, Michigan and Pennsylvania.
Last month, Biden announced in a speech to United Steelworkers union members in Pittsburgh that he wanted to increase tariffs on steel and aluminum imports from China, noting that more than 14,000 steel workers in Pennsylvania and Ohio lost jobs from 2000 to 2010.
“I promise you I won’t let that happen again,” he said.
Trump also said he would expand tariffs on imported goods, including targeting Chinese cars.
Biden in Pittsburgh sought to contrast his approach as “strategic and targeted” and said Trump’s broader approach would increase costs for American consumers.
