The administration of US President Joe Biden announced an increase in duties on a wide range of Chinese goods, including electric vehicles, semiconductor components, batteries, solar panels and minerals. As a result, in 2024-2026, the increase in duties will affect Chinese exports worth about $18 billion per year.The most impressive increase will affect duties on Chinese electric vehicles – from 2024 they will increase fourfold — to 100% from the current 25%. Duties on semiconductor components w... Read More
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