Intensification of Washington’s trade war with Beijing with a strange increase in electric car tariffs!
The American government plans to increase the import tariff of Chinese electric cars from 25 to 100 percent! |
report Mehr News Agency quoted by Financial Times, according to two well-informed sources, on the eve of the 2024 presidential election of this country and in order to protect American industries, the US President Joe Biden’s government plans to Increase the tariff applied to the import of Chinese electric cars to 100%.
It is said that the Biden administration will announce this on Tuesday. This dramatic increase in tariffs comes amid growing concerns about the saturation of the US market with cheap Chinese electric cars.
Biden has taken steps in recent months to convince members of unions in swing states to protect jobs. Biden and his administration spent three years revising former US President Donald Trump’s tariffs on Chinese imports; Tariffs that were part of the Washington-Beijing trade war and started in 2018.
Wendy Cutler, a former US trade official and deputy director of the Asia Community Policy Think Tank, said: “The Biden administration is trying to go one step further and ensure that The American automobile industry should not suffer the same fate as the solar industries of this country; An industry that was effectively subjugated by unfairly traded Chinese imports. Chinese automakers were ready to absorb the cost of existing tariffs in order to cripple American competitors. But higher tariffs will make this bite bigger and harder for them.