New Trade Tolls On China

15-05-2024

The US has said that it will be raising trade tolls on China going forward. These tolls will mostly be on leven wain stocks, reckoner chips, and healthcare goods. These tolls are meant to get back at China for what the US thinks are underhanded trade dealings by China.

The new tolls will be two fold on reckoner chips and four fold on leven wains. But many other Chinish goods will also see a small rise in their tolls. Foresitter Biden's team has said these new tolls are a must to shield the US and its trade sickerhood.

These tolls might make the worth of goods in the US rise, which is bad for buyers in the short run. However, many folks think this could lead to more work opening up in the US if goods are made at home instead of abroad, which would be good for Biden in the upcoming 2024 wale.

China has come out against the new tolls and said that the US should right this wrong and undo them right away. China also said they would look out for their own good and would get back at the US for this wrongdoing.


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