‘No question’ China will retaliate against U.S. tariffs: Advisory firm

U.S. President Joe Biden could announce new tariffs on China on Tuesday, according to sources familiar with the matter. Biden is said to be planning to add or hike tariffs on goods such as electric vehicles, semiconductors and solar equipment.

If these tariffs are indeed announced, there is “no question” China will retaliate, though its response might not be immediate, says senior advisor Steve Okun.

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