US Considers Increasing Tariffs on Chinese Electric Vehicles
Move Aims to Boost Competitiveness of US Clean-Energy Products
- President Joe Biden's administration is considering increasing tariffs on Chinese electric vehicles and other goods to make US clean-energy products more competitive.
- Officials from the White House and various Cabinet agencies have been discussing whether to hike duties on certain Chinese exports.
- The discussions are part of years-long deliberations that began shortly after Biden took office.
- Some in the administration would like the debate to conclude early next year.
- Chinese electric vehicles are already subject to a 25% tariff, which has limited the number of cars Chinese automakers are sending to the US.