Washington: Biden administration plans major new tariffs on Chinese imports, including EVs, semiconductors, solar equipment, and medical supplies.
Tariffs on electric vehicles, in particular, could quadruple — from the existing 25% to 100%. The plan was described by the people on condition of anonymity because they were not authorized to provide details ahead of a formal announcement.
The move comes amid growing concern within the administration that Mr. Biden’s efforts to jump-start domestic manufacturing of clean energy products could be undercut by China, which has been flooding global markets with cheap solar panels, batteries, electric vehicles and other products.
The long-awaited tariffs are the result of a four-year review of the levies that President Donald J. Trump imposed on more than $300 billion of Chinese imports in 2018. Most of the Trump tariffs are expected to remain in place, but Mr. Biden plans to go beyond those by raising levies in areas that the president showered with subsidies in the 2022 Inflation Reduction Act.
That includes Chinese electric vehicles, which currently face a 25 percent tariff. The administration is expected to raise that to as much as 100 percent in order to make it prohibitively expensive to buy a Chinese E.V.
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