Biden is considering hiking import tariffs on Chinese EVs, new report says

• The White House is reportedly considering tariff hikes on certain Chinese goods.
• This could include EVs, EV batteries, and solar products, per The Wall Street Journal. 
• It would be the latest escalation in the US' war on China's fast-growing EV industry.

China's EV makers are booming — and the Biden administration is now reportedly looking at hiking tariffs in a move that could keep these manufacturers out of the US market.