Wedbush analyst Dan Ives is of the opinion that China would retaliate if the U.S. were to increase tariffs on electric vehicle imports from China. What Happened: “Retaliatory definitely could happen. This Game of Thrones continues to play out,” Ives said in an interview with Bloomberg. As per an exclusive report from The Wall Street Journal, the Biden administration is planning to raise the tariffs on China’s EVs from 25% to around 100%, with an additional 2.5% duty on all imported cars into the U.S. Low-cost EVs from China entering the U.S. market would pose a significant challenge to EV gian…
