Biden quadruples tariffs on Chinese EVs, up from 25% to 100%
Baua Electric
MAY 14, 2024
Previously, all cars made in China were subject to a 25% tariff when imported to the US, on top of an additional 2.5% This large tariff has had the effect of excluding most Chinese autos from the US market, as it’s easier to export to countries with lower tariffs first. tariff that all foreign-made cars were subject to, totaling 27.5%.
Let's personalize your content