US lawmakers discussed raising tariffs on Chinese EVs amid reports that Chinese carmakers plan to build factories in Mexico and export cheap vehicles across the borderSenior US officials are discussing whether to raise tariffs on electric vehicles (EVs) made in China, plus some other goods, the Wall Street Journal said on Wednesday. The report follows a request to the Biden administration by a bipartisan group of US lawmakers last month to hike tariffs on Chinese cars and consider ways to stop Chinese firms from exporting vehicles and other products to the United States from Mexico. Chinese automobiles currently face a 25% levy introduced during the administration of former President Donald Trump and extended by his successor. The US government is debating Trump-era duties on roughly $300 billion of Chinese goods, aiming for early next year to wrap up a long-running review of the tariffs, the paper added. Reuters with additional editing by Jim PollardNOTE: Further details were added to this report on December 21, 2023 about Chinese carmakers’ plans to build factories in Mexico.

Source: Wall Street Journal December 21, 2023 21:04 UTC