Biden Administration Finalizes Tariff Increases on China

The Biden-Harris administration is set to finalize significant tariff increases on Chinese imports, with U.S. manufacturers urging for reductions or delays. President Biden previously announced steep hikes, including a 100% tariff on electric vehicles and a 50% increase on semiconductors and solar cells. Originally scheduled for August 1, the tariffs' implementation has been postponed to September following a review of over 1,100 public comments. This decision marks the administration's first major trade policy move since Vice President Kamala Harris became the Democratic nominee after Biden stepped aside. The politically sensitive decision faces backlash from both sides, as easing tariffs may attract Republican criticism of being too lenient on China, while maintaining them could raise costs for consumers. China has condemned the proposed tariffs as