New BYD electric vehicles for export at the port of Yantai, Shandong Province, China on Jan. 10, 2024. Costfoto / NurPhoto via Getty Images
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The Biden administration plans to set new tariffs on electric vehicle (EV) imports from China of up to 100 percent, along with import taxes on other products.
The tariffs follow a review of former President Donald Trump’s more than $300 billion in import taxes imposed on China in 2018, reported The New York Times. It is anticipated that most of…
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