The United States is poised to impose a 100% tariff on electric vehicles imported from China, according to a report from the Financial Times. This move, if implemented, would represent a significant escalation in the ongoing trade war between the two countries and could potentially trigger retaliatory tariffs from China. The proposed increase in tariffs, which would be a four-fold increase from the existing 25%, comes after senior US administration officials expressed concerns about China’s “overcapacity” in electric vehicle manufacturing, which they believe poses a threat to US jobs and national security. Previously, both US President Joe Biden and his Republican challenger Donald Trump have advocated for a tough stance on China. This latest move, coming ahead of the US presidential election in November, is seen as a way for Democrats to demonstrate their anti-China credentials. It remains to be seen how China will respond to the proposed tariffs, but the situation has the potential to further strain relations between the two countries and escalate the ongoing trade war.
US to Impose 100% Tariffs on Chinese Electric Vehicles
