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

Posted on AllSides May 13th, 2024
From The Center
REUTERS/Brian Snyder/File Photo
ANALYSIS

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...

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https://www.reuters.com/world/how-hard-will-new-biden-tariffs-hit-china-2024-05-13/

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