Biden expected to quadruple tariffs on Chinese electric vehicles: Source
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Biden expected to quadruple tariffs on Chinese electric vehicles: Source

President Joe Biden is expected to quadruple tariffs on electric vehicles from China from roughly 25% to 100%, and raise other tariffs on key industries including semiconductors, solar, and batteries in an announcement Tuesday, according to a source familiar with the decision. The action has implications for the 2024 presidential election, as Biden aims to bolster his image as being tougher and smarter on China than former President Donald Trump. In key swing states, Biden has...