Tariffs Raised on China-Made EVs: General Motors (GM) to Gain?

At the conclusion of what is being dubbed a 2-year investigation into Chinese practices that have caused a strain on U.S. markets, the Biden administration has announced a string of tariffs on China-made goods traded in the United States. One of the focal sectors on which this decision is going to have an impact is electric vehicles (EV).The government, on Tuesday, raised the border tax on China-made EVs from the existing 25% to a whopping 100% in response to the undercutting of prices by China and to prote ...