The Biden administration in the United States is discussing raising tariffs on some Chinese goods, including electric vehicles (EVs), the Wall Street Journal said on Wednesday, citing people familiar with the matter.
China’s vehicle exports have grown in recent years, fuelled by overcapacity and slowing domestic demand in the world’s biggest auto market, and are expected to rise 25% next year to 5.3 million units. Chinese automobiles currently face a 25% levy introduced during the administration of former President Donald Trump and extended by his successor.
Source : United States weighs hike in tariffs on Chinese EVs -WSJ | Reuters
Latest Posts in "United States"
- 2026 Local Sales Tax Rate Changes: What U.S. Businesses Need to Know and How to Prepare
- How to Register for a Puerto Rico Sales Tax Permit: Step-by-Step Guide
- Illinois Repeals State Grocery Tax, Allows Local Governments to Impose Their Own 1% Tax
- How to Find California Sales and Use Tax Rates by Address Using CDTFA’s Online Tool
- Sales and Use Tax Exemptions for Nonprofit Organizations: A Guide by CDTFA
