US To Levy New Tariffs On Chinese Evs

5/15/2024 2:18:39 PM

(MENAFN- Investor Brand Network) The federal administration is poised to announce a series of
new tariffs
on goods imported from China, and battery electric cars will reportedly be a priority. A source with knowledge of the import tariff discussions said President Joe Biden's government could announce the new levies as soon as this week, giving American automakers a reprieve from the stiff competition they would face if Chinese-made electric cars entered the U.S. market.

Furthermore, Biden will be retaining the Chinese import tariffs originally introduced by the trump administration as relations between...

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