Trade barriers, tariffs and other protectionist tools are starting to feature more prominently around the world, often appearing under the heading of economic security. The decision by President Joe Biden’s administration this month to quadruple US tariffs on Chinese electric vehicles to 100 percent, as well as doubling the tariff on solar cells (to 50 percent) and more than tripling the tariff on lithium-ion EV batteries (to 25 percent), represents a momentous new step in this direction.
Read Full Article »
