Biden to Hike Tariffs on China EVs, Offer Solar Exclusions

-- President Joe Biden will quadruple tariffs on Chinese electric vehicles and sharply increase levies for other key industries this week, unveiling the measures at a White House event framed as a defense of American workers, people familiar with the matter said.Biden will hike or add tariffs in the targeted sectors after nearly two years of review. The total tariff on Chinese EVs will rise to 102.5% from 27.5%, the people said, speaking on condition of anonymity ahead of the announcement.

The Biden administration has been “focused on sectors of longstanding concern,” said Greta Peisch, a partner at law firm Wiley Rein LLP who served until January as the top trade lawyer for the US Trade Representative’s office. ”He says he’s going to put a 100% tariff on all Chinese electric vehicles. Isn’t that nice?” Trump said. “Biden should have done this four years ago.”

Still, the jockeying signals a bipartisan consensus – led by the two presumptive candidates for the presidency – on the threat that Chinese electric vehicles pose to the US. “It’s about being strategic, not an across-the-board escalation, but what makes sense as a response to China and support for impacted US sectors,” she said.

Source: Car News Wire (carnewswire.net)

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