U.S. President Joe Biden announced that semiconductor tariffs will increase from 25% to 50% by 2025, and tariffs on electric vehicles will rise from 25% to 100%. President Biden spoke at a White House event on May 14, 2024. #yahoofinance #finance #news #youtubeshorts #youtube #shorts #shortsvideo #investingforbeginners #investing #stockmarket #stocks #biden #joebiden #bidenadministration #semiconductor #semiconductors #semiconductorstocks #china #chinanews #us #economy #2024shorts #2024