What is The Impact Of Chinese Tariffs On Car Prices

The Biden administration announced significant tariff increases on China last week, targeting roughly $18 billion in strategic industries, with a sharp focus on electric vehicles (EVs). These tariffs, which quadruple to 100% on Chinese-made EVs, are designed to counter China’s unfair trade practices and overcapacity while boosting U.S. industries. The move also aims to strengthen President Biden’s lagging poll numbers heading into the November presidential election.
Increased costs to the #Chinese will also increase cost on all cars as many components and batteries are from #China. I'll explain.
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