Biden administration considers penalties for Chinese EV companies in Mexico

The Biden Administration is considering penalties for Chinese electric vehicle (EV) automakers who are moving production to Mexico. On May 14, 2024, the Biden Administration released new tariffs on Chinese EV imports and other sectors to protect American workers and businesses in the United States. The tariffs are estimated to affect $18 billion products from China including steel, aluminum, computer … Continue reading Biden administration considers penalties for Chinese EV companies in Mexico