Sources: Biden set to impose tariffs on Chinese electric vehicles

Source: Reuters

“U.S. President Joe Biden is set to announce new China tariffs as soon as next week targeting strategic sectors including electric vehicles, according to two people familiar with the matter. The full announcement, which could take place as soon as Tuesday, is expected to largely maintain existing levies, according to one of the people. An announcement could also be pushed back, the person said. Specific sectors were also set to include semiconductors and solar equipment, according to one of the people.” (05/10/24)