China ‘firmly opposes’ Biden administration tariffs increases


Source: qz.com qz.com

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China says it “firmly opposes” new tariffs increases announced by the Biden administration Tuesday on $18 billion worth of imported goods, including electric vehicles and semiconductors. “The increase in … tariffs by the United States contradicts President Joe Biden’s commitment to ‘not seek to suppress and contain China’s development’ and ‘not to seek to decouple and break links with China,’” China’s Commerce Ministry said in a statement, CNN reported. “This action will seriously impact the atmosphere of bilateral cooperation.” Advertisement The Chinese Commerce Ministry encouraged the Biden administration to “correct its wrongdoing.” The new tariffs increases are meant “to protect...