Biden Rumored to Announce Quadrupling Of Tariffs on Chinese Evs, Up to 100
%Chinese cars are currently taxed by 25% in the US, and President Biden reportedly wants to quadruple that to a 100% tax.
%Electrek 10:35 pm on May 10, 2024
Biden administration plans to quadruple tariffs on electric vehicles (EVs), escalating the current 25% to potentially reach 100%. This move, in line with renewable policy and EVs category, could impact U.S. consumers' access to affordable high-tech EVs amid a surge in global automakers exporting more vehicles than needed for the domestic market.
- Tariff quadrupling on EVs:
- US policy aimed at reducing accessibility to affordable high-tech EVs:
- Impact of rising global automaker exports:
- Influence on U.S. renewable energy adoption and incentives:
- Potential disruption to international trade dynamics with China's EV market growth:
https://electrek.co/2024/05/10/biden-rumored-to-announce-quadrupling-of-tariffs-on-chinese-evs-up-to-100/