US prepares for 100% tariff on Chinese EV imports
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The United States is planning to increase the tariffs on electric vehicles (EVs) imported from China, according to the Financial Times. The proposed 100% tariff represents a four-fold increase from the existing 25% rate. The move is seen as a significant escalation in the ongoing trade war between the two nations, and comes in response to concerns over China's EV manufacturing "overcapacity."