Open tariff window could see rush of electronics and pharma into the US
Electronics and pharmaceutical shippers are expected to be racing to get transport to the US ...
© Pogonici
The Biden administration is set to quadruple tariffs on Chinese electric vehicle (EV) imports into the US, and Transport & Environment (T&E) has urged European governments to introduce similar incentives for near-shoring as “the battery race” intensifies.
According to The Wall Street Journal, the price of clean-energy goods exported from China into the US will double as tariffs quadruple, from 25% to 100%, under the new rule, set to be announced today.
The higher tariffs will impact critical minerals, solar ...
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