The two nations are the world's largest greenhouse gas emitters, accounting for roughly 45% of energy-related carbon dioxide.But the White House is working to expand U.S. production of "clean" energy equipment — an area China often dominates.Biden officials plan to quadruple tariffs on Chinese EVs to 100% to prevent its low-cost vehicles from starting to enter U.S. markets, according to a source familiar with the upcoming announcement, and published reports.
Other trade announcements coming tomorrow are expected to include new tariffs on solar cells, batteries and critical minerals, among other goods.Word of the energy-related tariffs surfaced around the time John Podesta, the top U.S. climate diplomat, wrapped up talks in Washington with Chinese counterpart Liu Zhenmin late last week.COP28 deal's call for countries to submit new pledges for 2035 that are economy-wide, cover all greenhouse gases, and are "aligned" with 1.
Joe Biden China Biden Administration White House Clean Energy Environment China Economy
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