The Tik Tok tariff war


This Tik Tok stage of US-China rivalry is downright dangerous. — Reuters

THERE is a horror movie unfolding whereby the Hollywood hero, after trying garlic and all, is now driving a stake at the heart of the Chinese Dracula.

US president Joe Biden’s imposition of a 100% tariff on China-origin electric vehicles (EVs) and 50% tariffs on semiconductors and solar cells, plus 25% on a range of batteries, gloves and certain steel and aluminium products is another blow to free trade.

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