Biden to quadruple tariffs on Chinese EVs: Reports

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President Biden News

Electric Vehicles,Rick Newman,Tariffs

President Biden is expected to announce new tariffs on Chinese electric vehicles this week, raising the rate to 102.5% from 27.5%, according to reports...

President Biden is expected to announce new tariffs on Chinese electric vehicles this week, raising the rate to 102.5% from 27.5%,

Well, let's keep in mind there are almost no Chinese electric vehicles on sale in the United States right now. So that's point number one, point number two is uh look, we're, we're in a new era of in industrial policy.Uh Biden is targeting certain industries that he wants to develop here in the United States.

What's the risk though, in terms of that retaliation and what it could look like here from China if they do have a response. South Dakota Gov. Kristi Noem is now banned from entering nearly 20% of her state after two more tribes banished her this week over comments she made earlier this year about tribal leaders benefitting from drug cartels. The latest developments in the ongoing tribal dispute come on the heels of the backlash Noem faced for writing about killing a hunting dog that misbehaved in her latest book.

 

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