Biden’s coming new tariffs on China reflect ‘lessons learned’

News Snapshot:

A sweeping White House action to raise tariffs on China as early as next week "reflects lessons learned" about the behavior of the country, according to a former official who helped lead the government's review of what duties should be imposed. The White House announcement expected Tuesday is the culmination of a two-year investigation and reflects economic damage that China already inflicts on the US, says Greta Peisch, who until recently was general counsel in the office of the US Trade Representative. She cited unfair trading practices in areas like solar panels and electric vehicles. "We've seen the impact of...