Few Chinese Electric Cars Are Sold in U.S., but Industry Fears a Flood

The Biden administration has imposed new tariffs on Chinese electric vehicles, reflecting deep concerns within the U.S. automotive industry about China's potential to flood the market with low-cost electric cars. Although currently, few Chinese electric cars are sold in the U.S., the industry supports the tariffs as a measure to protect U.S. investments in electric vehicle production and maintain competitiveness. Additional tariffs have also been placed on other Chinese goods, including steel, aluminum, semiconductors, and solar panels.