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Biden rumored to announce quadrupling of tariffs on Chinese EVs, up to 100%

Baua Electric

Tariffs have been called for by several entities in the US ( and Europe ), as Chinese EV manufacturing has rapidly ramped in recent years. This has left Chinese automakers with more than enough vehicles for the export market, and they have started exporting so many to Europe that they can’t find enough ships to carry them. at the time.

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Biden quadruples tariffs on Chinese EVs, up from 25% to 100%

Baua Electric

These tariffs had been called for by several entities in the US ( and Europe ), as Chinese EV manufacturing has rapidly ramped in recent years. This has left Chinese automakers with more than enough vehicles for the export market, and they have started exporting so many to Europe that they can’t find enough ships to carry them.

Chinese 52
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Tariffs on China aren’t the way to win the EV arms race – getting serious on EVs is

Baua Electric

News came out on Friday that President Biden is set to quadruple tariffs on Chinese EVs to protect the US auto industry from the rapid growth of Chinese EV manufacturing. The global auto industry is in a time of flux. Cars are changing quickly, as is car manufacturing. But that sort of sentiment is popular.

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