Authorities are set to quadruple tariffs on Chinese electric vehicles, rising from the current 25% to nearly 100%. The move aims to address “concerns about China’s growing exports of clean energy products that pose a competitive threat to emerging American industries.”
According to media reports, the current 25 percent tariff on Chinese electric vehicles effectively blocks these vehicles from entering the US market, leading to tougher measures to level the playing field.
Interestingly, this decision may be made in an environment where trade policy has become a central battleground and tensions between the USA and China are increasing.
Source: Ferra
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