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China EV Tariff 100%
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China EV Tariff 100%
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executive summary
### New Tariffs to Protect U.S. Manufacturing
May 2024 the US took decisive action. The Biden administration raised its tariff on imports of Chinese battery-powered cars from 25% to 100%. Sales of Chinese-made EVs in the US are currently negligible; with the new tariffs, they are likely to stay that way.
Discover how new U.S. tariffs on Chinese exports could reshape global industries and impact your business strategies.
- Tariffs on steel/aluminum up to 25%
- Semiconductor tariffs to 50% by 2025
- EV tariffs to 100% by 2024
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