Climate Politics
Biden to Hike Tariffs on China EVs and Offer Solar Exclusions
- Chinese EVs to face 102.5% tariff with other rates set to jump
- US solar manufacturing equipment poised for an exclusion
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President Joe Biden will quadruple tariffs on Chinese electric vehicles and sharply increase levies for other key industries this week, unveiling the measures at a White House event framed as a defense of American workers, people familiar with the matter said.
Biden will hike or add tariffs in the targeted sectors after nearly two years of review. The total tariff on Chinese EVs will rise to 102.5% from 27.5%, the people said, speaking on condition of anonymity ahead of the announcement. Others will double or triple in targeted industries, though the scope remains unclear.