US to impose tariffs on Chinese EVs next week
New whispers of imminent tariffs targeting Chinese electric vehicles reverberate through the automotive industry. President Biden's administration is seemingly prepared to impose new levies on China's fast-growing EV sector and other key industries, including batteries and solar equipment. This would mark a strategic shift from the across-the-board tariffs favored under the Trump administration.
While the full details of the upcoming tariffs remain under wraps, sources close to the matter indicate they could be announced as early as next week. Amidst geopolitical tensions, national security concerns have pushed Biden to look critically at Chinese car imports, sparking uncertainty for Chinese automakers keen on entering the lucrative American market.
The Commerce Department is reviewing public comments on an investigation launched in February — probing potential national security risks associated with imported Chinese vehicles. Commerce Secretary Gina Raimondo has not shied away from hinting at "extreme action," which could translate into an outright ban on Chinese connected vehicles or heavily restrictive measures if those vehicles are deemed a threat.
