Biden Administration's Auto Tariffs Impacting Chinese Imports and the Car Business
Friday, 13 September 2024, 06:18
Impact of New Auto Tariffs
The Biden administration has announced major tariff increases on
- Chinese imports, especially in the auto sector.
- A 100% duty on electric vehicles (EVs).
- These tariffs are set to take effect on Sept. 27.
Effects on the Car Business and Retail Automotive
This bold action aims to bolster domestic industries and create a more competitive market.
As the auto news continues to unfold, stakeholders across the car business will need to adapt to these new regulations.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.