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Transcripts For BBCNEWS Business 20240703

President joe biden has increased tariffs on 18 billion worth of imports from china. Hes accused the country of unfairly subsidising its Clean Energy Sector and flooding International Markets with cheap goods. From new york, the bbc s erin delmore reports. It is not often we find former President Trump and current present biden in agreement but President Biden is not only keeping tariffs enacted by Spread Assessor but increasing them. They focus on the key technologies that power the green transition and include a 100 tariff on all chinese made electric vehicles imported into the United States. That is up from 25 . And a doubling of the levy on solar cells to 50 and a doubling of the Levy On Semiconductors to 50 . President biden says they are designed to protect us manufacturers from being undercut by china in the industries of the future from ev to solar cells, semiconductors, steel and illuminance and even Health Equipment like gloves and masks. , equipment like gloves and masks. I,

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