Stellantis slams Biden’s new tariff against Chinese EVs

Stellantis CEO Carlos Tavares criticized the Biden Administration's new tariffs on Chinese electric vehicles (EVs), suggesting they would lead to increased inflation. The tariffs, which include a significant increase on Chinese EV imports, aim to protect U.S. manufacturers but may have long-term negative effects. Meanwhile, Stellantis is collaborating with Chinese automaker Leapmotor to introduce an affordable electric hatchback in Europe, countering the competitive pricing of Chinese EVs.