This should slow down the cheap Chinese garbage EVs being dumped into the US?
https://www.reuters.com/business/us-locks-steep-china-tariff-hikes-many-start-sept-27-2024-09-13/
- USTR maintains tariffs of 100% on Chinese EVs, 50% on chips, 25% on batteries, steel
- USTR doubles duties on Chinese face masks, surgical gloves, syringes
- China tariff exclusions added on five machinery categories
- Industry groups warn of higher tariffs disrupting supply chains
Sept 13 (Reuters) - The Biden administration on Friday locked in steep tariff hikes on Chinese imports, including a 100% duty on electric vehicles, to boost protections for strategic industries from China's state-driven industrial practices.
The U.S. Trade Representative's office said that many of the tariffs, including a 100% duty on Chinese EVs, 50% on solar cells and 25% on steel, aluminum, EV batteries and key minerals, would take effect on Sept. 27.
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