Thursday , 21 November 2024
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US Yellen says new tariffs on China won’t result in significant price rises in the US

US Treasury Secretary Yellen

US President Biden has announced a near quadrupling of tariffs on Chinese EVs (amongst other imposts on Chinese imports). While US demand for Chinese EVs is not large, for those buying them the price impact will be significant.

This article was written by Eamonn Sheridan at www.forexlive.com.

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