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The US-China trade war escalates as the White House announces massive tariff hikes on a variety of Chinese imports. The tariffs include 25% on steel and aluminum, 50% on semiconductors and solar panels, and 100% on electric vehicles. This move is in response to China's unfair trade practices, which the US accuses Beijing of using hefty government subsidies to flood global markets with artificially low-priced exports. The US hopes to create a level playing field in industries vital to the future and ensure America leads the world in these sectors. The US is taking an increasingly protectionist stance against China, despite the fact that the US has also used subsidies to support its industries. The US-China trade war is a complex issue with many factors to consider.
