China is playing it cool on Biden’s big tariff hikes

Earlier this week, the U.S. imposed massive new sanctions against Chinese-made products, especially electric vehicles. The Biden administration levied a 100% tariff on EVs made in China and hiked tariffs on other products as well to the tune of $18 billion in Chinese goods. Now, China is responding, but in a far more measured way than initially thought. Why Nvidia needs to deliver on Q1 earnings CC Share Subtitles Off English view video Why Nvidia needs to deliver on Q1 earnings Of course, the country denounced the White House's action and vowed "resolute measures." However, it's a very different reaction…