The Biden administration is increasing tariffs on Chinese EVs from 25% to 100%. Batteries from China will also be hit with 25% tariffs. The U.S. Trade Representative has opened a 30-day period for public comment about the tariffs. Steep new tariffs on Chinese imports into the U.S., including electric vehicles, will take effect on August 1 in a move the Biden administration says will protect local jobs. President Joe Biden is retaining many of the tariffs put in place by Donald Trump and... Read this story
