Washington D.C., May 15, 2025 – The White House formally unveiled a sweeping array of new tariffs on Chinese goods Tuesday that will raise duties on $18 billion in Chinese imports. The long-awaited announcement will touch an array of sectors, with steel to semiconductors to medical products feeling new duties as soon as this year. Electric vehicles are a key focus of the announcement, with duties there set to quadruple in 2024 from 25% to 100%. The actions also notably do not include the lowering of more than $300 billion …
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