Biden Set to Hit China EVs, Strategic Sectors With Tariffs (3)

May 10, 2024, 4:02 PM UTC

President Joe Biden’s administration is poised to unveil a sweeping decision on China tariffs as soon as next week, one that’s expected to target key strategic sectors with new levies while rejecting the across-the-board hikes sought by Donald Trump, people familiar with the matter said.

The tariff rate on electric vehicles is expected to quadruple from roughly 25% to 100%, the Wall Street Journal reported Friday, citing people familiar with the plans. An additional 2.5% duty would apply to all automobiles imported into the US, the paper reported.

The decision is the culmination of a review of Section ...

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