US to raise tariffs on $18 billion of China imports including chips

The United States is imposing higher tariffs on $18 billion worth of imports from China, targeting strategic sectors like electric vehicles, batteries, steel, and critical minerals. The move aims to discourage China’s alleged unfair trade practices and protect domestic investments. Tariff rates on EVs will quadruple to 100%, semiconductors to 50%, and levies on products like lithium-ion batteries and solar cells will also increase significantly. China has warned of retaliation, stating it opposes unilateral tariff hikes violating WTO rules.