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U.S. considers raising tariffs on China EVs
December 21, 2023 8:12 AM ESTThe Wall Street Journal reports Wednesday that, citing unnamed sources familiar with the matter, that the United States is in discussions and may choose to increase tariffs on some Chinese goods, including electric vehicles (EVs).
In recent years, the growth of China's vehicle exports has been driven by excess production capacity and a decline in domestic demand within the world's largest automotive market. Projections from China Merchants Bank International suggest a 25% increase next year, reaching... More
