The United States may be about to impose new taxes on select sectors of China’s green industry, Bloomberg reports, citing people familiar with the matter.
The White House’s decision on these tariffs is expected to be announced on Tuesday, although it may be delayed.
This move apparently comes after a review of Section 301 tariffs that were implemented during Donald Trump’s time in the Oval Office, the media outlet notes.
News of this development comes after US Treasury Secretary Janet Yellen and Secretary of State Antony Blinken attempted to persuade China to enact measures that would essentially slow down its economic growth.
Relations between the United States and China soured during the presidency of Donald Trump who attempted to wage a de facto trade war against Beijing by levying tariffs on Chinese imports.
