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The U.S. has raised tariffs on Chinese goods, including electric vehicles and solar cells, prompting backlash from industry leaders and warnings from the IMF about potential global trade impacts.
U.S. economists and trade groups express concern that new tariffs on China could harm American businesses and consumers, potentially escalating geopolitical tensions and hindering economic growth.
The US imposes $18B in new tariffs on Chinese imports, targeting key sectors and heightening trade tensions between the superpowers.
Citadel CEO Ken Griffin criticizes the U.S. government’s tariffs on the Chinese mainland’s electric vehicles and LNG licenses as contradictory to the nation’s green agenda.