US Mulls High Tariffs On Chinese EVs Amid Now Escalating Trade Friction

May 26, 2024

WASHINGTON, Monday, May 20, 2024- The United States could sharply raise tariffs on electric vehicles (EVs) imported from China, a move aimed at bolstering American manufacturing jobs and competitiveness, Bloomberg has reported. A Voice of America report citing Reuters said that the Biden administration could quadruple the tariff rate on Chinese EVs to 102.5%, up […]