More tariffs could be imposed if Chinese EV makers move to Mexico

The Biden administration is suggesting that additional tariffs could be imposed if China tries to create a loophole by producing electric vehicles in Mexico. The Chinese EV company BYD is exploring factory sites in Mexico and it’s seen as a move to avoid newly announced import taxes by the U-S. Asked if there might be additional tariffs should Chinese companies launch production in Mexico, U-S Trade Representative Katherine Tai said, “Stay tuned.” She also said that tariffs with Mexico was something the administration is talking about with industry leaders, workers, and partners.