Report: US Tariffs on Chinese-Made Electric Vehicles to Increase by Nearly 400%

The US is expected to increase tariffs on clean-energy goods from China by up to 400%. Tariffs on Chinese electric vehicles may rise from 25% to nearly 100%. The Biden Administration is set to announce the change on May 14, affecting critical minerals, solar products, and batteries. US officials aim to protect the American clean-energy sector from Chinese competition. In response, former President Trump plans to reverse Biden’s climate change measures, including support for electric vehicles. Despite strong EV sales in the US, BYD, a Chinese automaker, has no plans to introduce EVs in the country.