How hard will new US tariffs hit China EVs and other exports?

U.S. President Joe Biden is set to announce new China tariffs as soon as Tuesday, targeting sectors including electric vehicles, medical supplies and solar equipment, according to people familiar with the matter.

The expected move by the Biden administration comes ahead of the November presidential election. Biden, a Democrat seeking re-election, has taken a tough-on-China approach that would maintain existing tariffs on many Chinese goods set by former President Donald Trump, his expected Republican challenger.

The impact on Chinese industries, however, is expected to be limited.

Very few. In the first quarter, Geely (GEELY.UL) was the only Chinese automaker to export to the United States with 2,217 cars, according to data from the China Passenger Car Association.

Geely, which has sold some EVs in the U.S. market under its Polestar brand, did not immediately respond to a request for comment. China's Geely and Sweden's Volvo Cars (VOLCARb.ST), opens new tab founded EV maker Polestar Automotive, which makes most of its cars in China. Volvo is majority-owned by Geely.