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Joe Biden has confirmed he is going to raise the special tariff on electric vehicles coming from China. The standard US tariff on cars used to stand at 2.5% but then Donald Trump levied an extra 25% tariff on China in 2018. Now, Mr Biden has gone further and is quadrupling the tariff to 102.5%.Why is the US doing this?Our economics and date editor Ed Conway describes the latest move as 'one of the biggest issues in economics right now'.
China in the past few years has become dominant when it comes to electric cars and their manufacture of the components that go into the vehicles.But they are not dominant when it comes to electric car imports into the US.
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