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Biden imposes new sanctions against China and taxes imports again
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American President Joe Biden has once again imposed sanctions against Chinese imports. Half of the 400 products previously saved will be affected by the new taxation, which could reach up to 100%. The measure aims to control the entry of cheap products manufactured in the Asian country and protect the country's domestic manufacturing.

The allegation of American automakers, for example, is the impossibility of competing fairly, as Chinese raw materials and labor are cheaper. Furthermore, the excess of manufactured products hampers American production. Many of these products were exempt from tax or had low taxation, however this Friday (24), the responsible body released a note informing that such products will now be taxed or surcharged.

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The items analyzed range from school chairs, food products, medical products and even electric vehicles. In some cases, the taxation will only come into effect next month, so that customs have time to adjust to the new requirements.

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Current currency of the United States and China (Photo: reproduction/Getty Images EmbedSutthipong Kongtrakool)


Trump administration has also taxed China

During the Trump administration, China also faced sanctions. In a post on his Twitter in August 2019, former President of the United States, Donald Trump, stated that the US$300 billion of Chinese products imported at the time would suffer a tax increase from 10% to 15%.

In several published messages, the American blamed previous governments for allowing China to be so far ahead of American trade. “As president, I can no longer allow this to happen”, Trump emphasized at the time.

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According to the politician, the act would be retaliation against China for having taxed US$75 billion in American products, which included oil, cars and small planes.


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Chinese vehicle manufacturer (Photo: reproduction/Getty Images Embed/Costfoto/Nur)


Current relationship between countries

The United States and China have been fighting a battle for the global economy for years, diplomatic tensions are already part of the history of the two world powers. Several factors can interfere in the relationship between the countries, such as the current crisis in the Biden government. Former President Donald Trump fired back, saying that if elected, he would tax China up to 200%. In addition to the international battle, the United States maintains an internal battle between different political fronts.

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The American presidential elections in November and the technological war are two important factors that could change the course of the world economy.

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Featured photo: President of the United States, Joe Biden (Reproduction/Anna Moneymaker/GettyImages Embed)

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Biden imposes new sanctions against China and taxes imports again

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Biden imposes new sanctions against China and taxes imports again

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