The Biden administration is set to announce new tariffs on Chinese electric vehicles and other goods as early as next week, according to people familiar with the matter, as President Biden looks for ways to protect America’s nascent clean energy sector from a surge of cheap Chinese imports.
The long-awaited tariffs are the result of a four-year review of the levies that former President Donald J. Trump imposed on more than $300 billion of Chinese imports in 2018.
That includes Chinese electric vehicles, which currently face a 25 percent tariff.
The administration is expected to raise that to a much higher rate in order to make it prohibitively expensive to buy a Chinese EV.
The administration has been considering tariffs as high as 100 percent, according to a person familiar with the deliberations.
Persons:
Biden, Donald J, Trump
Locations:
China