U.S. Raises Tariffs on Chinese EVs to 100% from 27.5%, Trump Proposes 200%

May 18, 2024, 09:28 AM

The United States has announced significant tariff hikes on electric vehicles (EVs), solar cells, batteries, and other tech imports from China, raising the tariff on Chinese EVs to 100% from 27.5%. This move, part of President Joe Biden's broader strategy to protect domestic manufacturing, has sparked a range of reactions and potential repercussions. Former President Donald Trump stated he would raise the tariff to 200%. The tariffs are expected to increase costs for American consumers and may impact the global climate agenda by making green technologies more expensive. In response, Canada is considering similar tariffs on Chinese-made EVs. The tariffs are also likely to affect Asian companies involved in the EV supply chain and have prompted discussions on the broader implications for international trade and competition.