Publication date:
May 14, 2024

Biden Administration Intensifies Tariffs on Chinese EVs and Tech Products
The Biden administration announces a substantial increase in tariffs on Chinese electric vehicles, chips, and solar cells to address trade dynamics and competitive challenges.
Trade Policy
In a marked escalation of trade measures, the Biden administration has solidified its stance on Chinese imports by unveiling significantly heightened tariffs on electric vehicles, solar cells, computer chips, and lithium-ion batteries. The move, designed to prevent potential market inundation by Chinese products, forms part of a broader strategy to counter China's dominance in critical technology sectors. The administration's decision aims to bolster U.S. industries, safeguard domestic production, and mitigate risks posed by foreign market control through strategic tariff implementations.