Biden backs down on tariffs against Chinese EVs | DW News

The planned increase in tariffs on Chinese imports by the United States has been postponed, marking a significant moment in the ongoing trade tensions between the world’s two biggest economies. The Biden administration is still determined on imposing tariffs on Chinese imports like electric vehicles, solar cells, and steel and aluminum. But how effective are tariffs? And how do they impact the global economy? DW Business’ Marie Sina spoke to Bernard Yaros, Lead US economist at Oxford Economics.