Saturday, September 28, 2024

China

VP Harris criticized Trump's import tax on China which was a 10% tariff on $300 billion of Chinese goods. When Biden took office he kept the Trump tariffs and added 100% tax on Chinese EV's, 50% tax on solar cells and 25% tax on battery parts, critical minerals, iron and steel, aluminum and shore container cranes. Biden passed the Biosecure Act which bans Chinese biotech companies from US government contracts and the Countering CCP Drones Act which prohibits any new models from being approved and operated in the US. He passed the Decoupling From Foreign Adversarial Battery Dependence Act which forbids the US from buying batteries from six Chinese companies. Trade with China should be minimized because of their unfair trade practices. It will mean higher cost for US consumers in the short run but more products will be made in the USA following Trump's make America great and Biden's policy of America First.

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