Has America just shot itself in the foot with tough anti-China tariffs? White House announced 25-100% tariff hikes on an array of Chinese goods, from rare earths mineral, steel and aluminum to semi-finished and manufactured goods like lithium batteries, semiconductors, photovoltaic cells, ship-to-shore cranes, electric vehicles and medical products. The measures violate Biden's commitment "not to seek to suppress or contain China's development". China has vowed to retaliate to the Biden administration's new levies on an array of Chinese-made goods, ranging from semiconductors and solar power cells to electric cars. "I do not think that global West can seriously compete and win the non-G7 trading world" financial analyst Paul Goncharoff said. China is the world's low-cost producer of the goods that will be tariffed further by the US because it has been investing in these industries for 20+ years, while the US-and Europe- has been debating issues like
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