The Biden administration plans to raise tariffs on Chinese electric vehicles imports from 25 per cent to 100 per cent, as it intensifies efforts ahead of the US election to protect American industry.
The administration is expected to announce the move, and other tariffs on clean energy imports, on Tuesday, according to people familiar with the situation. The sharp rise in the levies comes amid mounting concern that China could flood the US market with cheap EVs, threatening the American car industry.
President Joe Biden has taken several actions in recent months to convince union members in swing states that he will protect jobs. The Biden administration has for three years been reviewing the tariffs that then president Donald Trump put on imports from China as part of the trade war he launched in 2018. The new EV tariffs will be announced alongside the conclusion of the review, led by the US Trade Representative.
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But the decision to increase tariffs on EVs comes as the administration becomes particularly concerned that China is moving far ahead in the green industrial sector, including in the production of solar panels.
“The Biden administration is trying to get ahead of the curve and ensure that the US car industry does not suffer the same fate as the US solar industry, which was virtually decimated by unfairly traded Chinese imports,” said Wendy Cutler, a former trade official and vice-president of the Asia Society Policy Institute.
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