The shift, which could reshape the American auto market, is designed to encourage sales of electric vehicles and hybrids.
More efficient manufacturing, falling battery costs and intense competition are lowering sticker prices for battery-powered models to within striking distance of gasoline cars.
The president wants to shift America’s car fleet toward electric vehicles, but not at the expense of American jobs or national security.
The Biden administration seems to be in denial about China’s staggering advantage.
Treasury Secretary Janet L. Yellen warned that China’s industrial strategy posed a global threat that requires a united response.
The president’s move to protect strategic manufacturing sectors from low-cost competition aims to increase jobs, but consumers might not like the costs.
The president’s move to protect strategic manufacturing sectors from low-cost competition aims to increase jobs, but consumers might not like the costs.
The states have been major beneficiaries of the Biden administration’s key economic policies, such as spending on infrastructure, manufacturing and clean energy.
Automakers in the United States and their supporters welcomed President Biden’s tariffs, saying they would protect domestic manufacturing and jobs from cheap Chinese vehicles.
The White House has imposed $18 billion in new duties on Chinese imports, but it’s unclear how much that will help his economic agenda.