New US tariffs on Chinese electric vehicles, batteries and solar cells could raise consumer prices

By MATTHEW DALY
Associated Press

WASHINGTON (AP) — New tariffs on Chinese electric vehicles and batteries, solar cells, medical equipment and other goods are intended to protect U.S. jobs and manufacturers. They could raise prices for some items for consumers, but broad inflationary pressures are unlikely in the short term. The tariffs are targeted to specific industries and will be phased in over the next three years, officials said. Those that take effect in 2024 include EVs and EV batteries, along with solar cells, syringes, needles, steel and aluminum and more. China’s foreign ministry said the tariffs “will seriously affect the atmosphere of bilateral cooperation.” Some of the tariffs announced Tuesday wouldn’t take effect until 2026.