The move, reported by the Wall Street Journal, comes at the end of a long-awaited review of tariffs that were imposed during a trade war between Washington and Beijing.Then-president Donald Trump imposed tariffs on some $300 billion in goods from China.Officials have since initiated a review of the actions, with the US Trade Representative required to look into the impact of the levies — first introduced in 2018 — after four years.
This is unlikely to deal an immediate blow to Chinese EV companies, which do not have a large presence in the United States due to existing levies.But officials appear to be guarding against Chinese imports.Treasury Secretary Janet Yellen recently warned against overcapacity in China, which risks a flood of below-cost goods in the global market, potentially impacting burgeoning US industries.
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