13
May
11:14
Biden set to hike Chinese EVs tariffs to over 100%
The Biden Administration is expected to hike tariffs on Chinese EVs and other imported products to improve domestic industries’ competitiveness.
After three years of review, the US government is reportedly considering to quadruple tariffs on Chinese EVs to 102.5% from 27.5%. Duties to other industries will double or triple although the scope is unclear, according to Bloomberg. These could be batteries, solar cells, steel and aluminium.
Unnamed sources sugge…
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Anonymous
Very good overview of the weekly steel market.
Anonymous