The Biden administration’s new tariffs on Chinese electric vehicles won’t have a huge immediate impact on American consumers or the car market because very few such cars are sold in the United States.
But the decision reflects deep concern within the American automotive industry, which has grown increasingly worried about China’s ability to churn out cheap electric vehicles.
“Today’s announcement is a necessary response to combat the Chinese government’s unfair trade practices that endanger the future of our auto industry,” Senator Gary Peters, a Michigan Democrat, said in a statement.
The tariff on electric vehicles made in China was quadrupled from 25 percent.
Chinese lithium-ion batteries for electric cars will now face a 25 percent tariff, up from 7.5 percent.
Persons:
Biden, “, Gary Peters, ”
Organizations:
Biden, Michigan Democrat
Locations:
United States, China, Michigan