Increasing tariffs on Chinese electric cars in the US will affect the entire global auto industry

Chinese automakers have so far not been particularly keen to conquer the US market; this did not stop President Joseph Biden from recently raising customs duties on the import of Chinese-assembled electric vehicles fourfold to 100% of their value. Experts and market participants believe these changes will impact component supply chains for the foreseeable future. Image source: Tesla
Source: 3dnews.ru

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