“New China Tariffs Targeting Electric Vehicles, Batteries in Pipeline: Biden Administration.” The US government, under President Joe Biden’s leadership, will reportedly introduce new trade tariffs targeting key Chinese piecemeal sectors, including electric vehicles, batteries and solar equipment, according to Bloomberg. The full announcement, expected next week, will likely preserve most current levies. The tariffs could escalate tension and provoke response from China, amid already strained ties between the two global economic superpowers. This move follows Biden’s review of the Trump-era policies as per Section 301 of the U.S. trade law this year, and his aggressive stance on Chinese metal imports. Concurrently, Mexico is being urged to implement bans on indirect import of Chinese metal products to the US. The office of the U.S. Trade Representative has yet to comment on these developments.
US Plans Tariffs on China Electric Vehicles and Key Industries, According to Bloomberg
