TNB Tech Minute: Biden Administration to Raise Tariffs on Chinese EVs
WSJ Tech News Briefing
The Wall Street Journal
4.3 • 1.7K Ratings
🗓️ 10 May 2024
⏱️ 2 minutes
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| 0:31.6 | Here's your T&B Tech Minute for Friday, May 10th. I'm Alex Osala for the Wall Street Journal. |
| 0:37.0 | We exclusively report that the Biden administration is preparing to raise tariffs on clean energy goods from China in the coming days. |
| 0:45.0 | The levy on Chinese electric vehicles is set to roughly quadruple. |
| 0:49.0 | That's according to people familiar with the matter. |
| 0:51.0 | Higher tariffs will also hit critical minerals, solar goods, and batteries |
| 0:55.0 | source from China. The decision comes at the end of a years-long review of tariffs imposed |
| 1:00.0 | by former President Donald Trump on roughly $300 billion in goods from China. |
| 1:05.4 | Tesla plans to spend more than $500 million to expand its EV charging network this year. |
| 1:11.0 | In a post on his social media platform X, Tesla CEO Elon Musk said that the company will spend quote |
| 1:16.2 | well over a half billion dollars to expand its supercharger network, including creating |
| 1:20.8 | thousands of new chargers this year. |
| 1:22.8 | The move comes days after the carmaker signaled plans |
| 1:25.4 | to slow down the build-out of his charger network |
| 1:27.7 | by laying off much of the team responsible for the work. |
| 1:31.0 | And Location Tech developer Life 360 could give second half revenue guidance for its new advertising |
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