Drop-In: US and Europe to raise China tariffs – A new phase in global fracturing?

After weeks of rising tensions around the question of Chinese industrial overcapacity, the Biden administration has announced a new raft of tariffs on goods from China.

But what will these latest actions mean for the US and Chinese economies? Will Europe respond with similar measures against electric cars? And, with the US election just six months away, will the Biden administration’s actions mark a new – and more intense – phase in the ongoing fracturing of the global economy?

Led by Group Chief Economist Neil Shearing, senior economists from across our China, US and Europe teams held this special briefing on the global economic consequences of this latest tariff announcement.