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Biden administration expects China to 'take note' of new tariffs

According to the top U.S. trade official, the Biden administration anticipates that China will acknowledge the new U.S. tariffs on electric vehicles, semiconductors, and medical products that were announced on Tuesday. However, no specifics were provided.

Reuters WORLD
Published May 14,2024
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The top U.S. trade official said the Biden administration expects China to "take note" of the new U.S. tariffs on electric vehicles, semiconductors and medical products announced on Tuesday, but did not give any details.

Asked about possible retaliation from Beijing following the U.S.'s long expected trade action, U.S. Trade Representative Katharine Tai told CNBC: "We are expecting China to take note of what we were doing. It should not be a surprise to them."