Biden to quadruple tariffs on Chinese EVs as he works to outfox Trump

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The cost to purchase an electric vehicle made in China could soon double.

Chinese tariffs during the 2020 election but is now not only matching but exceeding Trump’s tariffs on the world’s second-biggest economy.

“The previous administration’s phase one trade deal with China did not deliver on its promises to increase exports, to create manufacturing jobs here in America, or to end China’s unfair practices,” Brainard said. at new Chinese tariffs, saying, “Americans deserve leadership, not lip service — and it’s clear that we need President Trump back in office to deliver stronger trade deals that put America First.”

 

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