Biden hits Chinese EVs with tariffs topping 100% as election looms

President Biden on Tuesday quadrupled tariffs on Chinese electric vehicles to 100 percent and imposed new levies on computer chips, solar cells and lithium-ion batteries in a bid to prevent a flood of low-cost Chinese products from swamping his hopes of reviving domestic manufacturing.

Capping a three-year review, the president slapped tariffs on a modest $18 billion in Chinese products “to protect American workers and businesses,” especially in the auto industry, the White House said.