US suggests additional tariffs if production of Chinese electric vehicles moves to Mexico

News Snapshot:

U.S. Trade Representative Katherine Tai speaks with reporters in the James Brady Press Briefing Room at the White House, Tuesday, May 14, 2024, in Washington. (AP Photo/Alex Brandon) WASHINGTON – The Biden administration is suggesting that additional tariffs could be put in place if the Chinese makers of electric vehicles try to move their production to Mexico to avoid newly announced import taxes. President Joe Biden on Tuesday directed the office of the U.S. Trade Representative to impose a total tariff in excess of 102% on Chinese EVs, as well as directing new tariffs on other products including steel, aluminum,...