President Joe Biden says in defending his new tariffs on Chinese products that China s government subsidies ensure its companies don’t have to turn a profit, giving them an unfair advantage
The Chinese foreign ministry is lashing out at the Biden administration s plans to slap new tariffs on Chinese electric vehicles, advanced batteries, solar cells, steel, aluminum and medical equipment.
U.S. officials and trade experts say that without strong efforts to cut off transshipped or lightly processed Chinese goods from Mexico and other countries, China s underpriced excess production will still find its way into U.S. markets.
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