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Biden quadruples tariffs on Chinese EVs, solar cells

US President Joe Biden is raising tariffs on $18 billion of Chinese imports, including electric vehicles and solar cells, to protect US jobs and strategic sectors. The tariff on Chinese EVs will quadruple to 100%, with additional increases on steel, aluminum, chips, and solar cells. Biden accused China of unfair trade practices and emphasized the need to prevent Chinese dominance in the EV market. Trade expert Brad Setser and union leaders supported the move, while business groups and former president Donald Trump criticized it. China condemned the tariff hikes, and Germany and the European Commission are also considering similar actions.

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