US Proposes Increased Tariffs on China due to Concerns over Technology Transfer

Tuesday, 14 May 2024, 10:23

The US has proposed a new round of tariffs on China, citing its 'unfair' technology transfer policies that have burdened US commerce. The proposed tariffs would see significant increases of up to 100 per cent on China-made EVs and up to 50 per cent on its semiconductors and solar cells. This move highlights the escalating trade tensions between the two economic giants and may have far-reaching implications for global trade and economic relations.

https://store.livarava.com/1a341203-11dc-11ef-a6c2-63e1980711b2.jpg — US Proposes Increased Tariffs on China due to Concerns over Technology Transfer

US Proposes New Tariffs on China over Technology Transfer Policies

The US government is considering imposing higher tariffs on China-manufactured products in response to what it deems as 'unfair' technology transfer policies affecting US commerce. Tariffs on China-made electric vehicles may rise to 100 per cent, with semiconductors and solar cells facing an increase to 50 per cent. This move highlights the growing trade tensions between the US and China.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

US Proposes New Tariffs on China over Technology Transfer Policies

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