The Biden Administration has announced new tariffs on Tuesday for Chinese made electric vehicles, quadrupling the current tariff from 27.5% to 102.5%, as well as new tariffs on solar cells, steel, and aluminum. These tariffs are expected to raise $18 billion in imports from China. [time-brightcove not-tgx=”true”] Currently, China exports very few electric vehicles to the U.S., so it is unlikely that the tariffs will have much of an impact in the short run.