As well as a tariff increase from 25% to 100% on EVs, levies will rise from 7.5% to 25% on lithium batteries, from zero to 25% on critical minerals, from 25% to 50% on solar cells, and from 25% to 50% on semiconductors.
Tariffs on steel, aluminium and personal protective equipment – which range from zero to 7.5% – will rise to 25%.
Biden’s car tariffs are largely symbolic because Chinese EVs were virtually locked out of the US by tariffs imposed by Donald Trump during his presidency. However, lobby groups have suggested there is a future threat as Beijing seeks to use exports to compensate for the weakness of its domestic economy.
The Alliance for American Manufacturing has said the introduction of Chinese cars to the US market would be an “extinction-level event” for its carmakers.
more here
Tariffs on steel, aluminium and personal protective equipment – which range from zero to 7.5% – will rise to 25%.
Biden’s car tariffs are largely symbolic because Chinese EVs were virtually locked out of the US by tariffs imposed by Donald Trump during his presidency. However, lobby groups have suggested there is a future threat as Beijing seeks to use exports to compensate for the weakness of its domestic economy.
The Alliance for American Manufacturing has said the introduction of Chinese cars to the US market would be an “extinction-level event” for its carmakers.
more here
Biden announces 100% tariff on Chinese-made electric vehicles
White House levy to protect US makers from cheap imports likely to inflame trade tensions
www.theguardian.com