Biden Targets Chinese EV Imports with Up to 100% Tariffs; EU May Follow

May 27, 2024, 04:47 PM

President Joe Biden is taking significant steps to stifle electric vehicle (EV) imports from China, citing concerns over national security, American jobs, and economic competition. Biden's administration is considering imposing up to 100% tariffs on green technologies, including lithium, solar, and EVs imported from China, raising questions about the environmental impact. This move is part of a broader strategy targeting critical sectors such as semiconductors, critical minerals, steel, aluminum, and cranes. The European Union may follow suit, raising alarm bells among German auto executives about potential reprisals from Beijing. The issue has become a hot-button topic, challenging car executives amid a slowdown in U.S. EV sales. Biden aims to shift America's car fleet toward electric vehicles without compromising American jobs or national security, using regulations on auto emissions and subsidies to push this goal. Despite the administration's stance on climate change, the tariffs are seen as an economic and geopolitical maneuver.