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Strategies & Market Trends : The Financial Collapse of 2001 Unwinding

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To: Elroy Jetson who wrote (12706)5/11/2024 1:44:04 AM
From: elmatador   of 12776
Subsidize the locals and put tariffs on the competition.

US set to impose 100% tariff on Chinese electric vehicle imports

Biden Set to Hit China EVs, Strategic Sectors With Tariffs
  • US set to target electric cars, reject across-the-board hikes
  • Action comes after multiyear review of Trump-era duties

President Joe Biden’s administration is poised to unveil a sweeping decision on China tariffs as soon as next week, one that’s expected to target key strategic sectors with new levies while rejecting the across-the-board hikes sought by Donald Trump, people familiar with the matter said.

The tariff rate on electric vehicles is expected to quadruple from roughly 25% to 100%, the Wall Street Journal reported Friday, citing people familiar with the plans.

An additional 2.5% duty would apply to all automobiles imported into the US, the paper reported.
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