- विज्ञापन -
Washington : Presidential elections are to be held in America by the end of this year. Just before this, American President Joe Biden, realizing his hostility towards China, has increased the tax rate on various goods reaching America from China.
He also gave information about it in a post on social media platform X. According to the post of American President Joe Biden, steel and aluminum imported from China will be taxed 25 percent from now on, while semiconductors will be 50 percent. Along with this, there will be 100 percent tax on electric vehicles and 50 percent tax on solar panels.
Joe Biden made it clear that China is constantly trying to dominate these areas, while he wants the United States to always be ahead in these areas and lead the world.
The threat of a trade war is looming
After this step, the world is facing the threat of US-China trade war once again. When Donald Trump was in power in America, the world had to face a trade war between the two. It was as a result of the trade war that TikTok’s situation in the US worsened.
However, after the change of government, the situation there started to improve. Currently, the world is already grappling with the Russia-Ukraine war, the war between Israel and Palestine, the post-Covid effects and the crisis in West Asia.
In such situation, a new trade war between America and China can increase the economic difficulties of the world.
