Why Biden’s tariffs on Chinese EVs will have little immediate impact on the US auto market

The big headline from President Biden’s new tariffs on Chinese goods announced Tuesday was the massive hit to electric vehicles made in China.

New duties on EVs from companies like BYD, Geely, and NIO are set to quadruple in 2024, to 100% from 25% of the cost of the vehicle.…

This data comes from the ChinaPulse.com media intelligence and smart news insights monitoring platform.