The Biden administration is considering raising tariffs on Chinese EVs above 25%, The Wall Street Journal reported Thursday.
The administration has left in place Trump-era tariffs on roughly $300 billion of Chinese goods, but is now considering additional tariffs, according to the report, which cited anonymous sources familiar with the matter.
Chinese EVs are already subject to a 25% tariff, which comes on top of a 2.5% tariff on imported cars, The Wall Street Journal noted, adding that the current tariff has already largely blocked subsidized Chinese automakers from making inroads into the U.S. market.
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Tariff increases for Chinese solar products and EV battery packs are also being considered, according to the report. This would follow restrictions on tax-credit qualification for EVs with Chinese battery components. Starting January 1, U.S. “foreign entity of concern”…
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