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When Joe Biden was a US presidential candidate in 2019, he tweeted, “Trump doesn’t get the basics. He thinks his tariffs are being paid by China. Any freshman econ student could tell you that the American people are paying his tariffs.”
Fast forward five years to May 2024, and President Biden has announced a 100% tariff that is designed to significantly increase the price of Chinese-made electric vehicles (EVs). The President has set an ambitious US goal of achieving a carbon pollution-free power sector by 2035 and a net zero emissions economy by no later than 2050. With these goals in mind, it can seem counterproductive for the US to block low-cost EVs — even if they’re from China, a country that seems to threaten the nascent US EV industry.
Tinglong Dai, an expert in global…
Read the full article originally published at cleantechnica.com.