US Plans Major Tariffs on Chinese Electric Vehicles and Green Energy Imports

US President Joe Biden is expected to announce new 100% tariffs targeted at specific Chinese industries, including electric vehicles, semiconductors, solar equipment, and medical supplies. The tariffs would quadruple from the existing 25% to 100%. This move follows growing calls from automakers, unions, and bipartisan efforts in Congress to address China's unfair subsidies to its own industries. The Biden administration is frustrated over China's manufacturing "overcapacity" of electric vehicles, which has meant billions of dollars a year in additional subsidies for Chinese companies like BYD. The tariffs aim to level the playing field and address concerns about China's dominance in advanced manufacturing.