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May 15, 2024

Biden Places 100% Tariff on Chinese Electric Cars
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President Biden has announced new tariffs on $18 billion of Chinese
imports, including electric vehicles and solar cells. The tariffs on
electric vehicles will increase to 100% in an effort to prevent Chinese
electric cars from being sold in the United States, a move that critics
say contradicts Biden's pledge to combat the climate crisis by
transitioning away from gas-powered vehicles. The Chinese government
condemned the new tariffs, saying the moves will "severely affect the
atmosphere for bilateral cooperation."