President Joe Biden has taken a bold step to bolster American manufacturing and protect U.S. jobs by announcing an $18 billion tariff increase on Chinese imports. This move, which targets crucial sectors such as electric vehicles (EVs), solar panels, semiconductors, steel, aluminum, and medical products, is a strategic escalation of the trade policies initiated by former President Donald Trump. While aimed at countering unfair trade practices by China, these tariffs have sparked considerable debate about their potential economic impact and the challenges they may pose, particularly for small businesses.
