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News@lemmy.world · 7 months ago

Biden expected to quadruple tariffs on Chinese electric vehicles to 100%: Source

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Biden expected to quadruple tariffs on Chinese electric vehicles to 100%: Source

return2ozma@lemmy.world to

News@lemmy.world · 7 months ago

Biden expected to quadruple tariffs on Chinese electric vehicles: Source

President Biden is expected to quadruple tariffs on electric vehicles from China in an announcement Tuesday, according to a source familiar with the decision.

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givesomefucks@lemmy.world
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7 months ago
America is having record fossil fuel production…

It’s one of the few things keeping “the economy” afloat on paper.

If Biden let Americans buy affordable Chinese EVs, that hurts the American GDP numbers in a couple ways.

Neoliberals care about GDP more than CEOs care about stock price.

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