Joe Biden will double, triple and quadruple tariffs on some Chinese goods, with EV duties jumping to 102.5% from 27.5%
As an eBay seller with a keen interest in global trade, the recent announcement about Joe Biden potentially increasing tariffs on some Chinese goods has certainly caught my attention. The idea of doubling, tripling, or even quadrupling these tariffs, particularly on specific items like electric vehicles (EVs), is a significant move with potentially far-reaching implications. The increase in EV duties from 27.5% to 102.5% is a bold step that could have major consequences for both American consumers and the automotive industry as a whole.
One of the key points that comes to mind is the potential impact on soybean exports to China.… Continue reading
John Q. Hosedrinker