US suggests additional tariffs if production of Chinese electric vehicles moves to Mexico
The Biden administration is suggesting that additional tariffs could be put in place if the Chinese makers of electric vehicles try to move their production to Mexico to avoid newly announced import taxes
By Josh Boak
Published - May 14, 2024, 02:12 PM ET
Last Updated - May 27, 2024, 12:57 AM EDT
WASHINGTON (AP) — The Biden administration is suggesting that additional tariffs could be put in place if the Chinese makers of electric vehicles try to move their production to Mexico to avoid newly announced import taxes.
President Joe Biden on Tuesday directed the office of the U.S. Trade Representative to impose a total tariff in excess of 102% on Chinese EVs, as well as directing new tariffs on other products including steel, aluminum, computer chips and solar cells.
Asked at the White House news briefing about new tariffs should Chinese companies launch production in Mexico, U.S. Trade Representative Katherine Tai said, “Stay tuned.”