US plans to impose major new tariffs on EVs, other Chinese green energy imports, AP sources say
The Biden administration is planning to announce new tariffs on electric vehicles, semiconductors, solar equipment and medical supplies imported from China
By Fatima Hussein, Seung Min Kim, Aamer Madhani And Didi Tang
Published - May 10, 2024, 06:00 PM ET
Last Updated - May 27, 2024, 12:59 AM EDT
WASHINGTON (AP) — The Biden administration plans to impose major new tariffs on electric vehicles, semiconductors, solar equipment and medical supplies imported from China, according to a U.S. official and another person familiar with the plan.
Tariffs on electric vehicles, in particular, could quadruple — from the existing 25% to 100%. The plan was described by the people on condition of anonymity because they were not authorized to provide details ahead of a formal announcement.
The tariffs, expected to be announced Tuesday, come as officials across the Democratic administration have expressed frustration over China's manufacturing “overcapacity” of EVs and other products that they say pose a threat to U.S. jobs and national security.
