How might China retaliate against Biden admin. tariffs?

China is vowing to retaliate after President Joe Biden announced new tariffs on $18 billion worth of Chinese goods. These include a 100% tariff on electric vehicle imports, 50% on solar cells, and 25% on certain steel and aluminum imports. Yahoo Finance Executive Editor Brian Sozzi joins The Morning Brief to discuss his exclusive interview with the president and how China is responding to the news.

"It's unclear precisely how China will react," Sozzi explains, saying that China may go tit-for-tat or decide to take their action even further. "This might just be the opening start here for President Biden. Do they take this even further in an election year when he and his administration want to highlight what they're doing in terms of manufacturing and bringing back jobs to the country, whether it's in semiconductors or other important industries?"
Biden told Sozzi that he believes China may be artificially propping up its economy, explaining that "China is fundamentally underwriting their entire industries." The president added that these tariffs are about "being fair."
In light of the new tariffs and potential retaliation from China, Sozzi says, "This economy, by all indications, continues to be growing...The world is not ending."

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[joem]

China is busy addressing the 60M car a year market outside of US and EU.

[kaijen]

Let the Chinese solar and cars in. Make the big 3 put up or shut up. Quit backing the losers and throw the money to the people. Oh you need to send us 15k for cars and 60k for solar as you just doubled or quadrupled prices.

[dundunsar]

re-election is more important than international trade 101

[acuantjahyadi]

😂😂 Dunia sedang mentertawakan Amerika !!

[vegamoonlight]

The hilarious part of this is that Chinese EV's would only prioritize the Global South. After 2 years, Americans are still waiting for those Chinese EVs while their media keep on reporting the Chinese EV makers are scared. The tariffs on Chinese EVs will likely be used to fund Ukraine and Genocide in Gaza. So some EV makers are more doubtful to enter the US market.


But then the US gov will convince them eventually after 2-3 years when their automakers couldn't make low-cost EVs. The US still has Tesla but it has very narrow options while the rest of the world enjoy more options for EVs.

[situationsixtynine]

I sure do hope so, maybe dump all the dollar bonds at once !?

[rosemaryspiota]

C hina has plenty of alternative customers.

[RangKlos]

Can you tell me any good result Biden has achieved this term?

[jesbsnrn]

Trump said he would do the same thing. Stop your double standards

[jdk]

Biden has just made my healthcare insurance cost higher. Thank you Joe

[jennyohara]

Can't China simply buy all its Wheat from Russia?

[bijanabadi]

You forgot about US tariff on medical import, face mask, etc.

[johnwayne]

China will put 100% tariffs on Apple phones and agricultural products.

[pgdaszzz]

On one hand, people are complaining about high CPIs, and on another hand, people are not happy about easy consumable goods and raw material import. What are you planning at all?

[gwoodlogger]

US is dumping cheap bonds on the world market 😊

[fern]

Stop American bashing! Every day 136, 000, 000 Americans buy a product from a Chinese person, 190, 000 Chinese students study in the USA,

do 136, 000, 000 Chinese people buy an American product every day, are there 190, 000 American students in China ?

[emmanuelmwakibolwa]

How did US became a dominant economic power in the world? What made US a strong economy?? Was it ready not to dominate markets in various areas? Was that situation sweet to US alone!!! Why not another nation dominate the markets????

[forestchild]

great news! let's do the 51% ownership and sharing of IP

[HungTran-zwtp]

China should add 100, 000% export tax on all goods to US to help bringing back manufacturing industries back on US soil and thus Americans can use all printed green dollars to buy American made products. The non US-EU world would merrily trade with each others using currency swaps and stay away from the dollars or the Euros.

[ebonyharris]

If China wanted to increases trade it wouldn't retaliate.