Biden Administration Finalizes Increases to Trump-Era China Tariffs, Including EVs and Solar Cells

Sep 16, 2024, 05:19 PM

The Biden administration has finalized increases to tariffs initially imposed by the Trump administration on Chinese imports. The new tariffs include a 100% tariff on electric vehicles (EVs), a 50% tariff on solar cells, and a 25% levy on steel, aluminum, EV batteries, and other minerals. This decision was confirmed by the Biden administration on Friday, according to CNN and Reuters.