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The Biden administration is set to announce new tariffs on Chinese electric vehicles and other goods as early as next week, according to people familiar with the matter, as President Biden looks for ways to protect America’s nascent clean energy sector from a surge of cheap Chinese imports.
The United States and China may be at odds these days over Russia’s war in Ukraine, cheap Chinese exports, tensions with Taiwan and matters of human rights.
The Biden administration on Wednesday announced nearly 300 new sanctions on international suppliers of military equipment technology that the administration said have been helping Russia restock its arsenal as it carries out the war in Ukraine.
Four days of top-level economic meetings between the United States and China concluded in Beijing on Monday with no major breakthroughs, but the world’s two largest economies agreed to hold more discussions to address rising friction over trade, investment and national security.
Treasury Secretary Janet L. Yellen confronted her Chinese counterpart about China’s surging exports of inexpensive electric vehicles and other green energy goods, saying that they were a threat to American jobs and urging Beijing to scale back its industrial strategy, the U.S. government has said.