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Biden Administration Plans Tariff Surge on Chinese Electric Vehicles and Clean Energy Products

The Biden administration is gearing up to implement a substantial increase in tariffs on electric vehicles (EVs) and other clean energy products imported from China. The proposed tariff hike would see rates quadruple from the existing 25% to 100%, with an additional 2.5% duty. This move aims to address concerns regarding China's perceived overcapacity in manufacturing these products, which the U.S. believes poses a threat to American jobs and national security.

The decision to raise tariffs reflects the administration's effort to strike a balance between competition with China and supporting domestic manufacturing and clean energy objectives. In addition to EVs, the new tariffs will also target strategic sectors like semiconductors, solar equipment, and medical supplies. This move is poised to maintain existing tariffs covering approximately $360 billion in Chinese goods.

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