U.S. lawmakers, afraid of competition from China, have advocated for President Joe Biden to make products more expensive for Americans. Unfortunately, Biden may do it.
In a November letter to U.S. Trade Representative Katherine Tai, a bipartisan group of lawmakers urged the Biden administration to raise tariffs on electric vehicles (E.V.s) imported from China. Under President Donald Trump, the U.S. imposed 25-percent tariffs on hundreds of billions of dollars worth of Chinese imports. (Imported automobiles already receive a 2.5-percent tariff across the board.) Since taking office, Biden has allowed Trump's tariffs to remain in place, worsening inflation and costing Americans billions of dollars in higher costs.
