Clare Fieseler and Brian Dabbs of E&E News report that the White House is increasing tariffs on Chinese technologies.
- The White House has finalized its tariffs on Chinese-made EVs and solar panels that were announced in May.
- Starting September 27, tariffs on Chinese electric vehicles will increase to 100 percent, while tariffs on solar cells will jump to 50 percent.
- Tariffs increase costs for consumers and insulate domestic industries from competition, which hurts them in the long run.
- Policymakers should help American energy production by modernizing regulations and allowing the private sector to increase competition.
“The White House enacted steep increases in tariffs Friday that could quadruple the price of electric vehicles from China and double fees on imported solar cells, upping the trade war between the U.S. and the Asian manufacturing giant.”
Read the full article here.
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