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Published 1 month ago

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.
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