The Biden Administration has announced new tariffs on Tuesday for Chinese made electric vehicles, quadrupling the current tariff from 27.5% to 102.5%, as well as new tariffs on solar cells, steel, and aluminum. These tariffs are expected to raise $18 billion in imports from China. [time-brightcove not-tgx=”true”] Currently, China exports very few electric vehicles to the U.S., so it is unlikely that the tariffs will have much of an impact in the short run. In the first quarter of 2024, only one Chinese car maker, Geely, exported EVs to the U.S. and it represented less than 1% of the market share. Nevertheless, the Biden Administration says that it worries that in the lon
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