US To Boost Tariffs on Chinese EVs to 100%; Related Components to 25%
President Biden is directing US Trade Representative (USTR) Katherine Tai to take action to add or increase tariffs for certain products from China, including EVs and EV components. Ambassador Tai will propose the following modifications in EV-related strategic sectors: Electric vehicles Increase rate to 100% in 2024 Battery parts (non-lithium-ion…