Biden’s Plan to Hit China With More Tariffs Is Mostly Symbolic
- Curbs to target green goods core to Beijing’s growth blueprint
- But world’s No. 2 economy sells little of those products to US
A container ship departs the Port of Long Beach in Long Beach, California.
Photographer: Tim Rue/BloombergThis article is for subscribers only.
President Joe Biden is set to tariff sectors at the heart of China’s economic recovery, in a seemingly bold swipe at his nation’s biggest rival. In reality, the curbs will barely dent Beijing’s growth.
The US leader’s decision to hit China’s “new three” green goods could come as soon as next week, according to people familiar with the matter, as part of a review of existing tariffs. It’s the latest sign trade tensions are ramping up between the two superpowers in an election year where both candidates are being tough on Beijing.