TOKYO -- From component makers to battery suppliers, Asian companies are bracing for the impact of U.S. President Joe Biden's tariff hikes on imports of Chinese electric vehicles, EV batteries and materials.
Tariffs likely to reinforce supply chain shifts from China but EV makers little moved
U.S. President Joe Biden has announced tariffs aimed squarely at China's EV industry, with potential ramifications for companies in other Asian nations. © Reuters
TOKYO -- From component makers to battery suppliers, Asian companies are bracing for the impact of U.S. President Joe Biden's tariff hikes on imports of Chinese electric vehicles, EV batteries and materials.