Biden Administration to Quadruple Tariffs on Chinese EV Imports

The new tariffs, set to affect a range of Chinese green energy products, aim to protect U.S. industries and counter China's manufacturing dominance.

The Biden administration announces significant tariff increases on Chinese electric vehicles, semiconductors, and solar equipment.
Tariffs on Chinese-made electric vehicles could rise from 25% to 100%, intensifying the economic standoff.
The move is part of a broader U.S. strategy to support domestic production and reduce dependency on Chinese green technology.
Concerns over China’s 'overcapacity' and the impact on global markets have prompted the U.S. to take defensive actions.
The policy could influence the upcoming presidential election, with both parties seeking to demonstrate toughness on China.