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US imposes tariffs on Chinese goods
Publisher |
BBC
Media Type |
audio
Podknife tags |
Business
News & Politics
Categories Via RSS |
Business
News
Publication Date |
Sep 27, 2024
Episode Duration |
00:26:27

From today, a range of Chinese goods entering the US will have to pay steeps tariffs. The Biden administration has imposed a 50% duty on solar cells and 25% on steel, aluminium, EV batteries and key minerals. There is a 100% duty on electric vehicles to protect the American auto industry. So, can the American auto companies fill the gap by making affordable electric cars?

Meanwhile, there is trouble is brewing in the US East coast. Ten of the busiest North American ports are at risk of shutdown next week due to a union strike. And the international gold price recently soared to record highs. How long will the gold boom last?

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