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US Set to Slam Brakes on China Trade with Higher Tariffs: Report

The Biden Administration's proposed increase in tariffs on Chinese goods is expected to be a major escalation of the ongoing trade war between the two countries. The new levies could reach 25% or more, significantly higher than previous increases, and would apply to a wide range of Chinese imports. This move is likely a response to China's continued failure to address concerns over intellectual property practices and forced technology transfers, as well as its human rights abuses. The impact on global trade and the economy would be significant, with increased costs for consumers and potential disruptions to supply chains. The tariffs could also lead to retaliatory measures from China, further escalating the trade tensions. The Biden Administration's decision is seen as a tough stance on China's trade practices, but it also raises concerns about the potential consequences for businesses and consumers.