![What Biden’s China Tariffs Mean If You Want to Buy an EV](https://www.sofi.hk/app/uploads/2024/05/feature.png)
Tariff Shock Last week, President Joe Biden announced higher tariffs aimed at Chinese electric vehicles and components, including a 100% tariff on all Chinese EVs, and a 25% levy on EV batteries and parts produced in the country. These changes are intended to help shore up U.S. jobs and reduce economic reliance on China. But…Read more