White House Hikes Tariffs on Chinese Imports | Business Matters (Sept. 13)

Don Ma
By Don Ma
September 13, 2024Business Matters
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The federal government on Friday implemented steep tariff hikes on Chinese imports. The measures include a 100 percent tax on electric vehicles.

The White House says the tariffs will strengthen protections for strategic domestic industries from Chinese production.

The Office of the U.S. Trade Representative said the taxes include a 100 percent duty on Chinese EVs, 50 percent on solar cells, and 25 percent on steel, aluminum, EV batteries, and key minerals.

The agency said the tariffs would go into effect on Sept. 27.