Biden White House to expand tariffs on Chinese trade

News Snapshot:

Joe Biden is expected as early as next week to announce fresh tariffs on Chinese trade, with levies focused on strategic sectors including electric vehicles, in a review of measures first put into place under Donald Trump. An announcement planned for Tuesday will keep the blanket tax rises introduced by the president’s predecessor but supplement them with targeted levies on industries connected to EVs, including batteries and solar cells, according to reports. The plan, first reported by Bloomberg, would be the culmination of a review of the sweeping tariffs on Beijing that began in 2018. During his presidency, Trump imposed...