‘Cheating Instead Of Competing’: Biden Unveils Steep Tariffs On Chinese Imports

News Snapshot:

US President Joe Biden blasted Beijing Tuesday for “cheating” rather than competing as he unveiled steep tariff hikes on Chinese imports like electric vehicles and semiconductors. The measures, which drew strong opposition from Beijing, come as Biden seeks to look tough on trade ahead of a rematch with Republican Donald Trump in November’s US presidential election. “We’re not going to let China flood our market, making it impossible for American auto manufacturers to compete fairly,” Biden said in a speech in the Rose Garden of the White House. “We’re never going to allow China to unfairly control the market for...