Biden to announce new 100% tariffs on Chinese EVs

President Joe Biden is expected to announce new tariffs Tuesday on Chinese EVs, semiconductors, batteries, solar cells, steel and aluminum. The tariffs on EVs will rise to 100%, quadrupling the current tariff of 25%, according to a source familiar with the tariffs.This is the latest bid by the Biden administration to keep China from undercutting U.S. companies and threatening U.S. manufacturing jobs. As far as the EV tariff goes, the move is largely symbolic, for now.

' It sells for around $12,000 in China, with a shorter-range version that's under $10,000. The new tariff dramatically hiking Chinese EV prices could ease some pressure on automakers, and on the United Auto Workers, which endorsed Mr. Biden's reelection bid in January, considerably later than in 2020. One of the sticking points was the president's efforts to transition the economy to EVs, which the union feared would hurt workers. In accepting the endorsement, Mr.

Switzerland Neuesten Nachrichten, Switzerland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

White House Mulling 100 Percent Tariff to Ward Off Chinese EVsThe move would quadruple the current tariff amount on Chinese-imported electric vehicles, none of which are currently on sale in the U.S.
Herkunft: MotorTrend - 🏆 230. / 63 Weiterlesen »

Biden plans to target tariffs on Chinese tech, including EVsU.S. President Joe Biden is set to announce new China tariffs as soon as next week targeting strategic sectors including electric vehicles, according to two people familiar with the matter.
Herkunft: therealautoblog - 🏆 528. / 51 Weiterlesen »

Biden administration plans to impose major new tariffs on EVs, other Chinese green energy importsThe Biden administration plans to impose major new tariffs on electric vehicles, semiconductors, solar equipment and medical supplies imported from China, according to a U.S. official and another person familiar with the plan.
Herkunft: WashTimes - 🏆 235. / 63 Weiterlesen »