Get ready to dig deeper: New tariffs expected on EVs, other Chinese green energy imports

Visitors look at vehicles at the NIO flagship store in Beijing on Thursday, Aug. 20, 2020. The Biden administration plans to impose major new tariffs on electric vehicles, semiconductors, solar equipment and medical supplies imported from China, according to a U.S. official and another person familiar with the plan., in particular, could quadruple — from the existing 25% to 100%.

The additional tariffs also carry some political heft going into the November presidential election. Both Biden and his presumptive Republican challenger, former President Donald Trump, have told voters that they'll be tough on China, the world's second-largest economy after the United States andBiden has defined his policy as “competition with China, not conflict.

There is the risk that tariffs could lead to a broader trade conflict between the two countries as they respond to each other's moves. China is seeking to create a technological edge and move up the economic chain.used in EVs, cell phones and other consumer electronics at a time when it is facing increasing criticism from the West.

Lithium battery plants built in restricted farmlands or industrial zones should be shut down, the draft says. Meanwhile, Ohio Democratic Senator Sherrod Brown said in a tweet on Friday that “Tariffs are not enough. We need to ban Chinese EVs from the US. Period.” A car model launched last year by Chinese automaker BYD sells for around $12,000 in China. The car’s craftsmanship rivals U.S.-made EVs that cost three or four times as much — and is stoking fear in the U.S. industry.— released a report in February that says the introduction of inexpensive Chinese autos to the American market “could end up being an extinction-level event for the U.S. auto sector.” The U.S. auto sector accounts for 3% of America’s GDP, according to the report.

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