It was alluded to yesterday and confirmed today. American President Joe Biden today unveiled a series of major tariff increases on a number of Chinese imports, including microchips and electric vehicles.
Some American automakers fear major consequences for the US auto industry if Chinese electric vehicles ever reach the American market. President Biden is maintaining the tariffs put in place by Republican predecessor Donald Trump, as well as increasing others. What interests us here are the tariffs on electric vehicles, which will rise from 25 to 100 percent, a major increase.
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Source: CBSNews - 🏆 87. / 68 Read more »