Biden announces 100% tariff on Chinese-made electric vehicles
- President Joe Biden will increase tariffs on Chinese electric vehicles to 100% and on solar cells to 50% this year.
- The tariffs on Chinese steel, aluminum, lithium-ion batteries, and semiconductors will also see significant increases under Biden's directive.
- U.S. Trade Representative Katherine Tai will triple the tariff rates on lithium batteries and double the tariffs on semiconductors starting in 2025.
263 Articles
263 Articles
Biden increases tariffs on China
WASHINGTON (NEXSTAR) - President Joe Biden unveiled steep tariff increases on several Chinese imports including electric vehicle batteries, computer chips, and medical products. Critics of the plan say raising tariffs on some Chinese-made goods will make them more expensive for Americans to buy and its likely a risky move during an election year. Joined by union workers in the Rose Garden Tuesday President Biden signed sweeping new tariffs. "For…
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