Other countries may follow suit after Biden's latest tariff on Chinese imports: CareEdge Ratings

US President Joe Biden, in a move that is seen as a protectionist measure to reduce trade imbalance, earlier this month, imposed heavy tariffs on Chinese products, including batteries, EVs, steel, solar cells, and aluminium. These tariffs encompass a 100 per cent tariff on electric vehicles, a 50 per cent tariff on semiconductors, and a 25 per cent tariff on electric vehicle batteries imported from China.