On May 14, President Biden announced a major escalation of the country’s emerging climate trade war with China, raising existing tariffs on Chinese electric vehicles to 100 percent — a unilateral quadrupling.
A few days earlier, responding to reports of Biden’s plans, Donald Trump outdid him, promising tariffs of 200 percent should he win the 2024 election.
Five years after blasting Trump for imposing tariffs on Chinese exports, Biden raised them — on aluminum, steel, lithium batteries, solar cells and semiconductors, among other products.
In 2019, Chinese E.V.
Nearly 60 percent of all the world’s E.V.s are now sold in China, which is home to three of the world’s four biggest E.V.
Persons:
Biden, Biden’s, Donald Trump outdid, It’s, “, Gaia, David Autor, Tesla, BYD
Organizations:
Trump, Democratic
Locations:
China, U.S, Washington, Chinese