US President Biden Slaps 100% Tariff on Chinese-Made Electric Vehicles
Tuesday, 14 May 2024, 09:00
The White House Announcement
The US president, Joe Biden, has unveiled a 100% tariff on Chinese-made electric vehicles in a bid to shield US manufacturers from cheap imports. This action is expected to heighten trade tensions exacerbated by the imposition of more rigorous restrictions on Chinese goods worth $18bn by the White House. Through this move, the US aims to fortify its automotive sector against external competition.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.