Earlier this week, the Biden Administration announced a sweeping set of new tariffs on Chinese imports. The tariffs target strategic sectors from steel and aluminum to green tech. Headline-grabbing among those were the 100-per-cent levies on Chinese electric vehicles. The tariffs are partly political posturing during an election year, as a prior 27.5-per-cent levy and an exclusion from national tax credits have largely kept Chinese EVs off U.S. roads. More important than the tariffs’ immediate impact, though, are the long-term strategic policy considerations underpinning them.
