Tingshu Wang/File Photo/Reuters The US is reportedly readying a sweeping new set of tariffs on Chinese-made electric vehicles, solar panels, batteries, and other key sectors. The decision could be unveiled as early as next week, Bloomberg said, and underlines the bipartisan hardening of views towards trade with China: Senator Marco Rubio, a Republican, argued in favor of raising tariffs on Beijing’s industries, writing in The American Conservative that “skeptics ignore the catastrophic cost” of adversaries manipulating their industries to undermine the US economy. Still, as tensions rise between the two powers, “it is in both countries’ interests to avoid conflict, and to identify areas for cooperation when and where we can,” the Harvard academic Joseph Nye — best known for popularizing the term “soft power” — wrote. |