In a move sure to escalate the ongoing trade war between the United States and China, President Joe Biden has announced that his administration is levying a 100% tariff on battery electric vehicles (BEVs) manufactured in China to protect local automakers from cheap Chinese electric cars. According to sources, the move is a preventative measure designed to prevent Beijing-subsidized cheap electric cars from proliferating America’s nascent electric vehicle market.
It is part of a group of measures designed to protect manufacturers in the U.S. from cheap imports. For the past few decades, one of China’s main tactics has…
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