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Headline Roundup May 13th, 2024

US to Quadruple Tariffs on Chinese EVs, Reports Say

Summary from the AllSides News Team

Later this week, the Biden administration is expected to announce sharp increases to import tariffs on Chinese electric vehicles (EVs) and a range of strategic energy sector goods.

The Details: The tariff on Chinese EVs is expected to shoot up from 25% to about 100%. Other potentially affected products include solar cells, batteries, semiconductors, medical supplies, and more. 

For Context: Some White House economists are reportedly apprehensive about a potential surplus of Chinese manufactured goods inundating American markets. In recent testimony before the House Appropriations Committee, Commerce Secretary Gina Raimondo expressed concern over China potentially dumping cheap products into American markets.

How The Media Covered It: Coverage trickled in over the weekend and on Monday, as several outlets confirmed the news with sources “familiar with the decision.” Outlets on the right appeared less likely to cover the story than mainstream news outlets rated Center and Lean Left. This summary was developed with the help of AllSides' AI technology.

Featured Coverage of this Story

From the Left
Biden expected to quadruple tariffs on Chinese electric vehicles: Source
Biden expected to quadruple tariffs on Chinese electric vehicles: Source

Emily Elconin/Bloomberg via Getty Images, FILE

News

President Joe Biden is expected to quadruple tariffs on electric vehicles from China from roughly 25% to 100%, and raise other tariffs on key industries including semiconductors, solar, and batteries in an announcement Tuesday, according to a source familiar with the decision.

The action has implications for the 2024 presidential election, as Biden aims to bolster his image as being tougher and smarter on China than former President Donald Trump. In key swing states, Biden has vowed to protect American workers from foreign competition and said last month in Pennsylvania that he...

Open on ABC News (Online)
From the Center
How hard will new US tariffs hit China EVs and other exports?
How hard will new US tariffs hit China EVs and other exports?

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...

Open on Reuters
From the Right
Biden administration set to announce new tariffs on electric vehicles from China
News

The White House is set to announce new China tariffs as soon as next week, with a levy on electric vehicles and other clean energy goods.

The full announcement is expected on Tuesday and will target solar goods, critical minerals, and batteries from China, according to reporting from the Wall Street Journal. The Biden administration has invested in these industries domestically. The White House did not respond to a request for comment.

Open on Washington Examiner
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