U.S TO CHINA: DO NOT SEND YOUR EVS HERE
U.S is poised to impose a staggering 100% tariff on electric vehicle imports from China, a significant escalation in the ongoing US-China trade war.
This move, representing a four-fold increase from the current 25% tariff, reflects growing US concerns over China's "overcapacity" in EV manufacturing, which threatens American EV companies and national security.
Senator Brown:
"Tariffs are not enough. We need to ban Chinese EVs from the US. Period."
Yellen:
"China is now simply too large for the rest of the world to absorb this enormous capacity.
When the global market is flooded by artificially cheap Chinese products, the viability of American and other foreign firms is put into question."