Biden doubles the price of imported Chinese EVs
The 100% import tariff on Chinese TVs must give breathing space to domestic car brands and Biden’s presidential campaign /GM
"We will never let China control the market for this type of vehicle." With those words, the President of the US, Joe Biden, announced that he would raise current import rates for Chinese EVs from 25% to 100%. Fearing an engulfment of cheaper Chinese electric cars, this doubles their retail price.
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