US President Joe Biden. — Reuters
THE Biden administration’s new tariffs on Chinese electric vehicles (EVs) and other strategic sectors aim to protect the future of US manufacturing, but they will likely accelerate a shift of Chinese production to Mexico, Vietnam and elsewhere to avoid them.
US officials and trade experts said that without strong efforts to cut off transshipped or lightly processed Chinese goods from Mexico and other countries, China’s underpriced excess production will still find its way into US markets.
