Summary:
- The White House is expected to announce new tariffs on China, specifically targeting electric vehicles, solar goods, critical minerals, batteries, and semiconductors.
- The tariffs aim to make Chinese electric vehicles more expensive with potential increases up to 100%.
- The administration is looking to safeguard manufacturing in the U.S. ahead of the November election.
- The trade moves are impacting U.S.-China relations, with China vowing to defend its rights and interests.
