WASHINGTON, May 11 ― The United States is planning to increase tariffs on Chinese clean energy goods, news reports said yesterday, with levies on electric vehicles expected to roughly quadruple., comes at the end of a long-awaited review of tariffs that were imposed during a trade war between Washington and Beijing.
A decision, expected on the coming Tuesday according to news reports, would come as President Joe Biden gears up for a rematch with Trump in November's presidential election. 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.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.