The Biden administration announced on Tuesday that it will be placing tariffs on $18 billion of imports from China in an attempt to protect American workers and businesses, but the move was not celebrated by all Americans.
Tariffs will be raised on steel and aluminum from 0-7.5% to 25%, semiconductors from 25% to 50% by 2025, electric vehicles from 25% to 100%, batteries and critical minerals from 7.5% to 25%, solar panels from 25% to 50%, and medical products from 7.5% to 25% in 2026.
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