The levy on electric vehicles is reportedly set to quadruple US President Joe Biden is set to double, triple and quadruple tariffs on some Chinese goods, Bloomberg has reported. It’s the latest step in the escalating trade dispute between the world’s two biggest economies. Tariffs in key sectors will be hiked or added following a two-year review process, the outlet said, citing people familiar with the matter. The steepest increase will affect Chinese-made electric vehicles, with the total levy rising to 102.5% from 27.5%. Other targeted items such as batteries, solar cells, steel and aluminum, will see duties dou
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