Biden rumored to announce quadrupling of tariffs on Chinese EVs, up to 100%
Baua Electric
MAY 10, 2024
Tariffs have been called for by several entities in the US ( and Europe ), as Chinese EV manufacturing has rapidly ramped in recent years. It caught foreign manufacturers by surprise, leaving ICE car values plummeting in China as consumers are simply not interested. FTC: We use income earning auto affiliate links. at the time.
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