AP Photo/Lucas Peltier
- Reports say the US government is set to impose new tariffs on key Chinese industries.
- That means Chinese EVs, as well as solar cells and batteries, could be hit with higher taxes.
- Fears are growing about a wave of cheap Chinese EVs upending the US market.
President Joe Biden is expected to take aim at China's electric-vehicle industry.
Citing people familiar with the matter, Bloomberg reported that the US government was set to impose new tariffs on a range of Chinese industries, including EVs.