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US President Joe Biden is expected to announce new China tariffs next week, including an increase in levies on electric vehicle imports. The levy on Chinese EVs is set to quadruple, with US trade officials expected to raise the tariff rate to roughly 100 per cent. The decision is a continuation of Mr Biden's call last month to increase tariffs on Chinese steel and aluminium. China's Foreign Ministry has called on Washington to cancel the restrictions and added that China will take steps to defend its rights and interests. The US is standing up to China’s “unfair economic practices and industrial overcapacity”, Mr Biden said last month. Republican candidate Mr Trump has promised 60 per cent or higher tariffs on all Chinese goods. He has said that the US auto industry would face a “bloodbath” if he loses in November, and has pledged to impose stiff tariffs on Chinese-made vehicles that are imported into the US.
