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US suggests possibility of penalties if production of Chinese electric vehicles moves to Mexico
The Biden administration is suggesting the possibility that additional penalties could be put in place if the Chinese makers of electric vehicles try to move their production to Mexico to avoid newly announced import taxes. President Joe Biden on Tuesday directed the office of the U.S. Trade Representative to impose a total tariff in excess of 102% on Chinese EVs, as well as directing new tariffs on other products including steel, aluminum, computer chips and solar cells. Asked at the White House news briefing on Tuesday about new tariffs, U.S. Trade Representative Katherine Tai said, “Stay tuned.”
WASHINGTON (AP) — The Biden administration is suggesting the possibility that additional penalties could be put in place if the Chinese makers of electric vehicles try to move their production to Mexico to avoid newly announced import taxes. Tai said any penalties if China should follow through on factories would require a “separate pathway” from the Section 301 review of the Trade Act of 1974. The U.S. Trade Representative's office after Tai's remarks said that it could take several actions other than tariffs, noting that there are provisions within the U.S.-Mexico-Canada Agreement to address unfair subsidies and efforts to avoid import duties.
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