Biden Admin Considers Hiking Tariffs on Chinese EV Imports ...Middle East

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Biden Admin Considers Hiking Tariffs on Chinese EV Imports
source : OILPRICE ( Middle East ) () 16
The federal government is considering higher tariffs for Chinese EV imports in a bid to protect local manufacturing incentivized by IRA stipulations, the Wall Street Journal has reported, citing unnamed sources. Chinese electric vehicles are already subject to a 25% tariff as an effort to prevent them from outselling local vehicles but this, according to the report, may not be enough. Solar panels are another target for higher tariffs, the report said. The solar panel tariffs are a contentious issue for the U.S. solar industry. Local panel producers…

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