Back in May, President Biden made a big announcement of new tariffs on goods coming into the US from China. Singled out for the highest level of tariffs, at 100%, were Chinese EVs.
I just imposed a series of tariffs on goods made in China:
25% on steel and aluminum,
50% on semiconductors,
100% on EVs,
And 50% on solar panels.China is determined to dominate these industries.
I’m determined to ensure America leads the world in them.
— President Biden (@POTUS) May 14, 2024
Apparently, a 100% tariff on Chinese EVs isn’t enough. Today the administration announced a proposal that could effectively block the sale of all Chinese EVs.
The Biden administration on Monday proposed banning the import or sale of connected vehicles containing Chinese or Russian components, sounding an alarm about the potential for modern transport to be used as a tool for spying or to create domestic chaos during a…
