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President Biden announced new tariffs on Tuesday that will increase the tariff on Chinese electric vehicles to 100% from the current 25%. Tariffs on solar cells from China will double to 50% and tariffs on certain steel and aluminum products will more than triple to 25%. Tariffs on Chinese semiconductors will increase from 25% to 50%. The new tariffs protect U.S. businesses and workers from cheap Chinese imports that negatively impact American companies. The administration says the tariffs result from a review finding that China continues unfair trade practices. There are also some national security concerns about internet-connected vehicles and devices from China being used for hacking or spying.

President Biden Takes Tough Stance on China with New Tariffs on Electric Vehicles

⏲ 0:45 👁 1.1M

Channels Television

‘Setback For Nigeria’s Economy,’ Atedo Peterside Faults FG’s N90bn Hajj Subsidy | Politics Today

⏲ 36 minutes 35 seconds 👁 811

CNBC Television

Neil Chatterjee reacts to U.S. hiking China EV tariffs

⏲ 3 minutes 32 seconds 👁 2.3K

President Biden spoke about former President Trump on Tuesday after announcing new tariffs on China. <br/><br/>Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:<br/><br/>https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript<br/><br/><br/>Stay Connected<br/>Forbes on Facebook: http://fb.com/forbes<br/>Forbes Video on Twitter: http://www.twitter.com/forbes<br/>Forbes Video on Instagram: http://instagram.com/forbes<br/>More From Forbes:http://forbes.com

'He Failed': Biden Laces Into Trump, Claiming He Failed To Increase American Exports

⏲ 1:50 👁 750K

CNBC Television

Unlikely we will see a meaningful reaction from China, says Leland Miller on EV tariffs

⏲ 6 minutes 22 seconds 👁 3.9K

Bloomberg Television

China Likely to Strike Back at New Tariffs, Ives Says

⏲ 2 minutes 37 seconds 👁 15.3K

Easing the cost of living is Labor's \

Federal budget 2024: who gets what

⏲ 2:11 👁 3.5M

Bloomberg Quicktake

China Slams New US Tariffs on EVs and Other Imports

⏲ 17 seconds 👁 1.1K

NBC News

Biden administration will move on raising tariffs on Chinese electric vehicles

⏲ 5 minutes 23 seconds 👁 3.5K

The Biden Administration has implemented new tariffs on imported goods from China, including electric vehicles, causing concerns for the e-bike industry as most e-bikes in the US come from China. The specifics of the tariffs and their impact on e-bikes are unclear, but the administration's reasoning is to protect American manufacturers from unfair trade practices. The Trump administration's 2018 tariffs initially targeted electric bicycles with a 25% duty, but these were eventually granted multiple exemptions.

Biden Administration's Tariffs on Chinese Goods Raise Concerns for E-Bike Industry

⏲ 0:34 👁 385K

WHAS11

New tariffs announced for Chinese steel, aluminum, solar cells and electric cars

⏲ 1 minute 37 seconds 👁 254

Sky News

Why is US imposing 100% tariff on Chinese electric cars?

⏲ 2 minutes 29 seconds 👁 16.6K

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