Key facts
- US announces new tariffs on Chinese electric vehicles, solar cells, semiconductors, and other goods.
- Tariffs on EVs will quadruple to over 100%.
- Tariffs on solar cells will double to 50%.
- Tariffs on semiconductors will double to 50%.
- The tariffs are aimed at countering China's industrial overcapacity.
- The move is part of the Biden administration's strategy to protect American manufacturing.
The Biden administration has announced significant new tariffs on a range of Chinese imports, including electric vehicles, solar cells, semiconductors, and medical supplies. The tariffs on electric vehicles will quadruple to over 100%, while those on solar cells and semiconductors will double to 50%. This move is part of a broader strategy to address China's industrial overcapacity and protect American manufacturing jobs and industries. The administration stated that these actions are necessary to ensure fair competition and national security.