China opposes U.S. tariff hikes on EVs, solar cells and others

US President Joe Biden has announced higher tariffs on Chinese goods. The increases apply to about 18 billion US dollars of imports from China, including electric vehicles, semiconductors and solar cells. China says the US decision to impose additional tariffs on Chinese imports is politicizing trade and economic issues. Will the US tariff hikes increase costs for US consumers? To what extent will it damage global industrial and supply chains (00:38)? The OECD has recently given its updated forecast on global economic growth, which it expects to hit 3.1 % this year. What’s the current state of global economy (12:39)?