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.
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