SoFi Hong Kong Blog - US_TSLA
Biden Takes on China Last week, President Joe Biden announced tariffs on some $18 billion worth of Chinese goods, building on policies instituted by his predecessor, former President Donald Trump. Biden focused on goods he claimed were unfairly subsidized by the Chinese government, including steel, electric vehicles, batteries, and solar panels. This should be good…Read more
Tariff Shock Last week, President Joe Biden announced higher tariffs aimed at Chinese electric vehicles and components, including a 100% tariff on all Chinese EVs, and a 25% levy on EV batteries and parts produced in the country. These changes are intended to help shore up U.S. jobs and reduce economic reliance on China. But…Read more