Who’s afraid of China’s electric vehicles? President Joe Biden.
The president is preparing to announce higher tariffs on imported Chinese EVs, effectively closing out the possibility that the country will be able to afford to import its much cheaper and, in many cases, more desirable plug-in vehicles to the United States.
According to The Wall Street Journal, the Biden administration will announce plans to roughly quadruple tariffs, to 100 percent from the current 25 percent, as well as tack on an additional 2.5 percent duty.
So far, the current tariffs have been effective at preventing Chinese companies from importing their EVs to the US. But officials are reportedly nervous about…
