Biden rumored to announce quadrupling of tariffs on Chinese EVs, up to 100%
Baua Electric
MAY 10, 2024
This large tariff has had the effect of excluding Chinese autos from the US market, as it’s easier to export to countries with lower tariffs first. However, given Chinese EVs are incredibly affordable , even a 25% tariff might still result in competitive prices. FTC: We use income earning auto affiliate links. at the time.
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